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9 April, 05:52

What are the five activities that business must perform to generate revenue and make a profit

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  1. 9 April, 09:14
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    manufacturing, correct pricing, marketing, sales and asking past customers for referrals.

    Explanation:

    Revenues are cash inflows that a business generates during its operations. main activities that make this possible starts from Manufacturing which involves converting raw materials to finished goods. Next activity is correct pricing which will determine if customers will be willing to buy your products or services, Marketing will ensure the existence, use and location of the product is known to the target market. Sales involves customers committing and buying the product. You can also ask customers for new referrals which when turned to successful leads, will generate more revenues.
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