How can a trader increase the profits of his business?

How can a trader increase the profits of his business?

  • Through engaging in sales promotional activities e.g. Trade fairs and exhibitions, providing customer care services among others.
  • Through acquiring low interest loans from the money lenders to increase on the amount of capital employed in the business.

  • Through taking advantage of suppliers who offer better terms of sale.
  • Through employing in the business some techniques that can cut down the costs of the firm for instance introducing self service system.
  • Through ensuring proper book-keeping and tight supervision of the firm to reduce unnecessary losses.
  • Through expanding business operations in various areas by opening up additional branches to serve many customers.

Through stocking a wide range of products to cater for customers with different tastes and preferences


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IAM experienced geography teacher with more than three years of teaching and creating content related to geography and other subjects for both high school and college students. hope you will find the content of this website useful to your studies and daily life

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