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18 February, 00:40

Explain why the produce from tropical plantations are profitable to the local comunities that can grow them, but not as profitable as finished goods

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  1. 18 February, 02:33
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    The profit margin for local growers usually from a minimum of 45% to as much as 1500%. Like any farmer, these percentage of profit are variable and are controlled by several factors like weather, pest, and others. Unlike finished goods, product cost is maintained up to 30% only of the selling price ensuring profit for every sold item. Also, finished goods are priced higher than that of raw a material like local produce.
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