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Final profit, Work out the market value for your product, too high and you will lose out to your competitors, too low and you will not be able to cover the costs of production and generally functioning as a business.
All this and you must work out how to let the public know about your product (advertising) and setting up the appropriate bank accounts, dealing with employee and business taxes and arranging insurance for everything.
Growth is when long term plans for the business must be made. Sales increase, you have a solid customer base and you have larger production levels. These pose a problem, as more finance, employees and equipment may be required to meet up with supply-demand...
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Common topics in this essay:
- Industrialization: Progress or Decline?
- Decline stage of Product
- Steady State
- Business life cycle
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