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What is marketing
Business is the activity of making, buying, or selling goods or providing services in exchange for money.
Business involves creating value for customers through products or services
It requires identifying and meeting customer needs and wants
Businesses must also manage resources, such as finances and employees, to achieve their goals
Rules and regulations, such as taxes and labor laws, also impact business operations
Examp...
Profit is the financial gain earned by a business or individual, while loss is the opposite of profit, indicating a decrease in financial gain.
Profit is the positive difference between revenue and expenses
Loss is the negative difference between revenue and expenses
Profit is an indicator of financial success, while loss indicates financial struggle
Examples of profit include revenue earned from sales, investments, or ren...
Increasing company profit can be achieved through various strategies.
Reducing expenses and overhead costs
Increasing sales and revenue
Expanding into new markets or product lines
Improving operational efficiency
Implementing cost-effective marketing strategies
Investing in technology and automation
Streamlining supply chain management
Offering premium products or services at higher prices
Negotiating better deals with supplier...
What is marketing
Business is the activity of making, buying, or selling goods or providing services in exchange for money.
Business involves creating value for customers through products or services
It requires identifying and meeting customer needs and wants
Businesses must also manage resources effectively to maximize profits
Rules and regulations govern business practices to ensure fair competition and protect consumers
Examples of busin...
Profit is the financial gain earned by a business or individual, while loss is the opposite of profit, resulting in a negative financial outcome.
Profit is the difference between revenue and expenses
Loss occurs when expenses exceed revenue
Profit is a positive financial outcome, while loss is a negative financial outcome
Profit is important for businesses to sustain and grow, while loss can lead to financial instability a
Increasing profit can be achieved through various strategies such as reducing costs, increasing sales, and expanding into new markets.
Reduce costs by optimizing operations and negotiating better deals with suppliers
Increase sales through effective marketing and sales strategies
Expand into new markets by conducting market research and identifying new opportunities
Improve product or service offerings to attract more cust...
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