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Simple Business Plan Template Word Download New Case Can Save At Free Document

Simple Business Plan Template Word Download New Case Can Save At Free Document Sample Example

By Daniel Pfeifer at October 31 2020 18:40:28

The main thing to remember in this section is not to provide new data, but to explain in detail data that has already been provided and to provide the support for that data.

No matter the economic slump, increasing profits is typically the number one goal of any business. To ensure profitability, a company must demonstrate a competitive advantage over others in its industry, either by cost leadership (same product as competitors, lower price), differentiation (same price, better services), or focusing on an exclusive segment of the market (niche). For long term maintenance of competitive advantage, a firm must ensure that its methods cannot be duplicated or imitated. This requires constant analysis and regular reinvention of competitive strategies.

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