What makes some companies more profitable than others?

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What makes some companies more profitable than others?

2007-10-28 05:06:49 · 2 answers · asked by ? 2 in Business & Finance ➔ Other - Business & Finance

2 answers

Many factors. Some are:

A product or service many people want more than a competing product or service, or in some cases, having a unique product or service.

Better market research.

More effective advertising.

Higher productivity and/or lower production costs.

Faster response to changing market conditions.

An easier way to say these, and many others, is better management.

2007-10-28 05:22:12 · answer #1 · answered by curtisports2 7 · 1⤊ 0⤋

Lower overhead costs, better marketing, great product or service in high demand, etc.

2007-10-28 12:14:45 · answer #2 · answered by smoofus70 6 · 0⤊ 0⤋