What are the requisites for a successful business?
To be successful a business must have to
fulfill several requisites. Those are as follows-
- Specific objectives.
- Proper planning.
- Adequate financing.
- Proper organization.
- Good relation between labor and management.
- Research and development.
- Publicity.
- Proper distribution system.
- Risk bearing capacity.
- Efficient management.
These are the requisites for a successful
business.
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