The selection and management of goods play a crucial role in a company's business strategy. Key considerations include:
Market Demand: Understanding consumer preferences and trends helps entrepreneurs decide which goods to offer. Pricing Strategy: Setting the right price for goods is essential to attract customers while ensuring profitability. Quality Control: Maintaining high-quality standards is vital for building a strong reputation and customer loyalty. Inventory Management: Efficiently managing stock levels helps prevent overstocking or stockouts, optimizing cash flow.