What are the reasons that the business person is able to make a huge profit in the market?

Open in App

Solution

There are various reasons why the business person is able to make a huge profit in the market:
Some of them are given below :
1. He sells his shirts to people belonging to the high-income group.
2. He is able to sell a large number of shirts every day.
3. He knows the ways how to get work done by the garment exporters at the lowest possible price.

Suggest Corrections

Similar questions

Q. State with reasons whether the following statements are true or False.

Small business are able to make huge advertisement and publicity.

Q. The foreign businessperson made huge profits in the market.

Q. A leading leather manufacturing company is using banned animal skin to make huge profit. Name the marketing concept which is ignored here.

"Profit play an important role in the business". Give any four reasons to justify the statement.

The capital employed of a business is 1,20,000. The normal rate of return is 10%. A firm is able to earn an average profit of 15,000. Calculate Super Profits.

Join BYJU'S Learning Program