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Outline the reasons for setting a reasonable profit.

Outline the reasons for setting a reasonable profit.

Answers


Martin
i. Preventing competitors-keeps potential competitors away as they see the business as not being lucrative

ii. Projecting a favorable public image-low public opinion, lower sales

iii. Restraining trading union demands- Large profits induce unions to demand for more pay

iv. Maintaining customer goodwill-maintains customers
marto answered the question on April 17, 2019 at 05:33

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