Question

Making a profit in business would not include which one of the following activity?

a. Setting realistic goals
b. Hiring the right employees
c. Building connections with strategic alliances
d. Adding real value for customers
e. Cutting price repeatedly on competitors to create a price war

Answer 1

In business, cutting prices repeatedly on competitors to create a price war would not be a part of making a profit.

Step-by-step explanation:

In business, making a profit involves various activities. However, cutting prices repeatedly on competitors to create a price war would not be a part of making a profit.

To make a profit, businesses need to set realistic goals, hire the right employees, build connections with strategic alliances, and add real value for customers. These activities help businesses to attract customers and generate revenue, ultimately leading to profit.

However, cutting prices repeatedly on competitors to create a price war can lead to a decrease in profit margins and may not be sustainable in the long run.