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  2. Business idea - Wikipedia

    en.wikipedia.org/wiki/Business_idea

    Characteristics of a Promising Business Idea. Innovative: They introduce new or improved products, services, or processes. Unique: They offer something that is not readily available in the market. Problem solving: They address specific problems or fulfill unmet needs. Profitable: They have a clear path to financial sustainability.

  3. Pricing strategies - Wikipedia

    en.wikipedia.org/wiki/Pricing_strategies

    A business can use a variety of pricing strategies when selling a product or service. To determine the most effective pricing strategy for a company, senior executives need to first identify the company's pricing position, pricing segment, pricing capability and their competitive pricing reaction strategy. [ 1 ]

  4. Profitability analysis - Wikipedia

    en.wikipedia.org/wiki/Profitability_Analysis

    After calculating the profit per unit, managers or decision makers can use the outcome to substantiate management decisions. Managers can decide to stop selling loss making products, to reduce costs for loss making customers or to increase sales in profitable locations.

  5. 15 of the most profitable businesses in 2023 - AOL

    www.aol.com/finance/15-most-profitable...

    Source: Guidant Financial Top 10 Small Business Industries to Start in 2022. Bottom line. The success of a business depends on a variety of factors, including a profitable market for your business ...

  6. 20 small business ideas - AOL

    www.aol.com/finance/20-small-business-ideas...

    Many dream of creating a successful business from scratch. Entrepreneurship is the only way to turn your passion into reality, allowing you to reap the benefits and build an income while doing so.

  7. Profit motive - Wikipedia

    en.wikipedia.org/wiki/Profit_motive

    In economics, the profit motive is the motivation of firms that operate so as to maximize their profits.Mainstream microeconomic theory posits that the ultimate goal of a business is "to make money" - not in the sense of increasing the firm's stock of means of payment (which is usually kept to a necessary minimum because means of payment incur costs, i.e. interest or foregone yields), but in ...

  8. Business - Wikipedia

    en.wikipedia.org/wiki/Business

    A privately owned, for-profit corporation can be either privately held by a small group of individuals, or publicly held, with publicly traded shares listed on a stock exchange. [9] A cooperative or co-op is a limited-liability business that can organize as for-profit or not-for-profit. A cooperative differs from a corporation in that it has ...

  9. Business opportunity - Wikipedia

    en.wikipedia.org/wiki/Business_opportunity

    A business opportunity (or bizopp) involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business. The licensor or seller of a business opportunity usually declares that it will secure or assist the buyer in finding a suitable location or provide the product to the purchaser-licensee.

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