Impacts on the Growth and Profitability of The Company Assignment
Added on -2021-02-21
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Macau Business Solutions
Table of ContentsINTRODUCTION...........................................................................................................................3Q.1...............................................................................................................................................3Q.2...............................................................................................................................................4Q3................................................................................................................................................7Q4................................................................................................................................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONBusiness solutions refers to marketing research, investigation, advertisements etc. asbusiness owner tries to solve the hurdles that impacts on the growth and profitability of thecompany. Beautifico privatecompany which is providing hair salon, beauty cares, treatmentsand other services. In this report the discussion will be based on the challenges that Beautificofaces for expansion and growth of business.Q.1Q1a)Economic Problem is problem related to the limited resources which have multiple uses.Problem mainly arises due to scarcity of resources. The needs and wants of people are unlimitedwhich is endless to satisfy. Problem arises when there is choice of making optimum use oflimited resource. For example choice for what to produce, how to produce and for whom toproduce.Q1b) Benefits of private company It is easy to start the private firm as it requires less legal works as compared to publicfirms. Private firms have right to keep full profit with them as business is own and controlled bythe business owners.Disadvantages of private company private firms have no limits for rise the liabilities as they take unlimited liabilities. Private firms faces difficulties in rising fund because they have limited investors forcompany. The problem of Beautifico is that it aims on many objectives to achieve them butnot able to achieve it. The company established its business in highly competitivemarket where there are already thousand of beauty saloons in the market due towhich the company has to reduce its price from from others to get competitiveadvantages in the market (Macdonald, Kleinaltenkamp and Wilson, 2016).Beautifico operates its business with small channel of distribution creates lessawareness of brand. The company needs to import its herbs, natural oils and
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