You are viewing a single comment's thread from:

RE: Business: Realization of Profit Motive

in Project HOPE5 years ago

For the profit motive to be realized, the outputs of business organizations must be capable of satisfying the needs and wants of identifiable groups of individuals or other institutions. The groups, however, must have the ability and willingness to pay for the goods and services needed to satisfy their wants.
The biggest mistake that many businesses make is to believe that only price indicators drive sales. Though basically the most important thing is the ability to sell.