Answer:
1. I think many businesses operate at a loss for years before they begin to make profit because they must recover their investment first. They have to get people to know their product, like it, and prefer it above competitors to get a place in the market. Only then, they can make a profit.
2. I think it´s better to seek out an investor.
3. I think this is so that the bank/credit institution protects itself to make sure the business pays on time.
4. Identifying needs is an important part of the purchasing process, because in this way you focus on the need, and then you find the product that fulfills that specific need.
5. I think I would definitely consult my experts within the business, and use my own experience to make the final decision.
Explanation:
1. This process may take months or even years, but I think no more than two years, because if in that period they haven´t had profit, they should close.
2. In this way the business¨ resources are there to be used, so they wouldn´t have to stop production, or stop paying labor because of lack of money.
3. If a business has a good credit record, on the other hand helps it have lower interest rates, therefore paying on time, getting more loans, and being more successful.
4. Sometimes customers go to buy not really knowing what they want, without a specific article in mind, and this way they could end up buying a lot of articles, except the one they really need.
5. For example, I would consult my IT Manager, Marketing Manager, Finance Director and see in context what we really need in the busines. This could include training, new tools for interpreting reports, new marketing strategies/a freelance agency, and of course know if we have the economic resources to get them.
