Circumstances that can lead to the exploitation of a business opportunity

[Stardom22]

Customers may need some products and services which are not easily found in the area. Therefore an opportunity is created to avail the required goods and services.
Also The existing prices of Goods and services may be unnecessarily higher hence offering lower prices would create an opportunity that can be easily exploited.

 

[Starmix]

This time, we buy high but sell low. There are circumstances that lead this to happen, the obvious ones is the pandemic and the ongoing war between Russia and Ukraine.

 

[uptrendfinancialsignal]

Most especially if there is scarcity of goods and services the business owners could exploit the customers by increasing the prices.

 

[hastral45]

There are many circumstances that can lead to the exploitation of business. We have instances of when both supply and demand are not at equilibrium. Immediately one is higher than the other, it would cause spontaneous reaction from the customers.

 

[Reedex]

There are lot of business opportunities that are present online that you could explore in order to make reasonable amount of money and I want to record that it is necessary to ensure that you will invest in such platform to make money.

 

[Niyi Briggs]

The greatest way to exploit and see a business opportunity is to ask what problem do people in that location desperately need to be solved. Business opportunities are exploited in the place of solving problems.

 

[eldavis]

Even business owners do exploit customers. Lets that the issue of the new naira notes in Nigeria, most POS agents now sell these notes to customers, which is not ment to be so.

 

[Bisolami]

Customers may need some products and services which are not easily found in the area. Therefore an opportunity is created to avail the required goods and services.
Also The existing prices of Goods and services may be unnecessarily higher hence offering lower prices would create an opportunity that can be easily exploited.

The price of goods need to be moderate. Of your goods are too expensive, people will not buy from you. They will be discouraged.

 

[uptrendfinancialsignal]

The price of goods need to be moderate. Of your goods are too expensive, people will not buy from you. They will be discouraged.

Goods should be moderately priced in order to ensure optimum patronage.

 

[Bisolami]

Goods should be moderately priced in order to ensure optimum patronage.

You are right because it will not be nice for a product to be too expensive and it should not be too cheap so it should be moderate as you have said.

 

[Shavkat]

In my book, there are some people who are in logistics do magic to gain some profit. The magic that I am referring to is gaining profit by adding more costs with the original prices of what they purchased in the market.

 

[Bisolami]

In my book, there are some people who are in logistics do magic to gain some profit. The magic that I am referring to is gaining profit by adding more costs with the original prices of what they purchased in the market.

There is still a way they can gain profit when they add more cost to the original price of the product especially when they sell to rich people.

 

[cherry123]

There are always opportunities to take advantage of likev providing needed goods and services for Money. even also offering lower prices to existing prices of Goods and services that have higher price

 

[Niyi Briggs]

That's what I try to do everytime I move from one place to another. I try to inquire what is lacking in that place that could be a business opportunity for a smart entrepreneur to exploit.

 

[Heatman]

Customers may need some products and services which are not easily found in the area. Therefore an opportunity is created to avail the required goods and services.
Also The existing prices of Goods and services may be unnecessarily higher hence offering lower prices would create an opportunity that can be easily exploited.

It is actually a very good prospect for you to find out products that are always in high demand and make sure that you have it in abundance quantity because it will help you to have products to sell when others don't.