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Business Survival

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Business Survival

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Use the word bank to fill in the gaps about business survival

Created by

Dana St. Juliana _ Staff - CarnageMS
Dana St. Juliana _ Staff - CarnageMS
United States

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Business Survival
 

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Business SurvivalOnline version

Use the word bank to fill in the gaps about business survival

by Dana St. Juliana _ Staff - CarnageMS
1

version less information government lifestyle advertising high profits competitors buy discount interest value iPods endorse hours famous image reputation events competitors update economy technology threatened

There are may different ways that a business's survival can be . The first way is not so much about what the business is doing , but what its are doing .

If someone brings out a newer , better of a product , customers are more likely to go to them instead . This is especially important in business that involve ( IT ) . One such example is in the area of personal stereos , with the replacement of records and cassettes first by CDs and now by and phones . A business that does not and start making or stocking these new products is not likely to succeed .

As well as technological differences , a competitor might also change the demand for its products by running an aggressive campaign to make people want to its products . This can involve the use of people , such as Labron James advertising Nike , Dunkin Donuts and Samsung .

Having well known people a brand helps to add to the product . People are willing to pay extra to be associated with the product's . This happens with a range of products , particularly those that are luxury items . It is the difference between buying a pair of jeans from a store for around $15 and buying those made by a designer label such as True Religion for $160 . The material may be similar , but its about promoting a and image .

Sales of luxury goods are often affected by how the is doing . If interest rates and unemployment are , people are more likely to have money to spend on luxuries . They need to focus spending their money on housing and higher rates on loans , for example .

A business's survival is also affected by intervention by the . because if changes are made that cost the business more money , this will reduce the made . Examples of changes in legislation could include more safety measures or limits on the number of that an employee is allowed to work per week .

The organization itself can make a difference to its survival chances by making sure that the business is as well run as possible and that it maintains its image and . The business should also watch world and monitor in order to plan , adapt and survive .

 
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