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Thursday, February 18, 2010

Customers

The purpose if business is to create customers, Without customers,of course a business can not exist. Customers are people who want the product a service a business offer and have the money to buy it. Naturally, business produce what people want and sell it at as low as price as possible. As a result the forces of competition tend to keep price, costs and profits low. But this us not applicable on monopolies.

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