STRATEGIES OF MAKING PROFITS IN BUSINESS

BUSINESS IS A WAY OF LIFE,SO THEY SAY,MAKING PROFITS IN BUSINESS IS ONE'S ABILITY TO COMPETE AT THE INTERNATIONAL OR LOCAL WORLD,THERE ARE DIFFERENT STRATEGIES OF MAKING PROFITS,SOME MAKE USE OF THE QUALITY OF A PRODUCT TO ATTRACT THEIR CUSTOMERS;WHY ON EARTH WILL ONE PREFER TO GO FOR SUBSTANDARD OR LOW QUALITY OR SEMI QUALITY PRODUCTS,WHEN THERE IS MONEY WE SHOULD BE GOOD TO OURSELVES,AND BE APPRECIATIVE,BECAUSE THE WAY U CARRY YOUR EGO,THAT IS THE ONLY WAY,PEOPLE APPRECIATE YOU.QUALITY IS SOME FIRMS STRATEGY TO ATTRACT THEIR CUSTOMERS,''IF I LIE'' ''ASIAN TIGERS'',A CONVICTION TO THE WORLD,THEIR PRODUCTS FILLS NIGERIA MARKET,WE ALL KNOW THE QUALITY OF THEIR PRODUCTS,SO THEY SAY,OUR GOVERNMENT ORDERS FOR SUCH SUBSTANDARD COMMODITIES,MAY GOD SAVE US FROM WRETCHED LIFE,AMEN.
 WHILE IT IS THE STRATEGY OF SOME BUSINESS TO REDUCE THE PRICE OF THEIR PRODUCTS, THIS IS ONE OF THE WAYS SOME FIRMS ATTRACT,THEIR CUSTOMERS,THE BUSINESS IS SUCH A BIG MARKET,WHERE BY THERE ARE DIFFERENT STRATEGIES TO MAKE PROFITS IN THE WORLD,REDUCING ONES PRICE IS A WAY TO TELL PEOPLE WHO PREFER TO SPEND LESS AND EARN MORE THIS IS THE COMMODITY MEANT FOR THEM,THE PRICE IS FUNCTION OF QUANTITY DEMANDED,THE RELATIONSHIP IS INVERSE,THAT IS WHY AT A LESSER PRICE,PEOPLE WILL ALWAYS GET ATTRACTED AND BUY MORE OF SUCH GOODS,SO THE FIRMS WHO BELIEVE IN THIS SCHOOL OF THOUGHTS,ATTACK THEIR MARKET,BY REDUCING THEIR PRICE TO GET MORE CUSTOMERS.