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What do you think could happen to a business owner whose only concern was increasing revenue? , Intro to Business Discussion Post help
Business owners have to earn a profit to stay in business and successfully serve their customers, requiring them to focus on both revenue and expenses. This creates a very sensitive balancing act between the amount a business earns and the amount it spends in production and operating costs.
Initial Post Requirements:
Discuss the following points:
What do you think could happen to a business owner whose only concern was increasing revenue? How would that impact the business, its suppliers, the employees, and the customers? Provide a detailed explanation.
What could happen to a business owner whose sole focus was controlling expenses? How would that impact the business, its suppliers, the employees, and the customers? Provide a detailed explanation.
In your opinion, how should a business owner balance the desire to increase revenue with the need to control costs?
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