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No business can survive without paying customers. The business must have a target market for their product to succeed. The price can be adjusted but key to having a profitable business is the development of a good customer base. There are businesses that survive without customers: non profits, state and federal agencies to mention a few. Some farms and farmers are subsidized so as to not target customers.

What are your thoughts on the above statement?

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Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M9104153

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