Answer:

It is the ability to use its resources to produce profit. *

It keeps business top of mind so consumers think of it when they require or need a service or product. *

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It is the ability to thrive thrive through all economic conditions. *

They provide inputs that the firms in an industry need to create the goods and services that they in turn sell to their buyers. *

This method occurs when a business is able to offer the same quality product as its competitors and sell it at a lower price. *

It is what sets your business apart from your competition. *

They are the individuals or companies who desires to possess or make use of products and services.

These are the goods/services that can be used in place for another.

It is essential in business.

It is the capability of a company to sustain or improve its performance in terms of profitability or efficiency when its sales volume increases. *