Answer to Question #323245 in Management for Vrushank

Question

Consider last month you started a new business of Electronics items. You are also thinking to start different branches of your business in your city as well as outside. To increase the revenue, you may explore the international market. In the dynamic market, you would face tough competition from different online as well as offline players during the journey.

Analyze and suggest a different level of strategies that you will implement in the firm that

can improve overall business profit.

Answer 1

• A Business Idea.
• Knowledge or Expertise.
• Market or Demand.
• Start-up Costs.
• Capital and Finance.
• Competition.
• Location.
• Staff