Thursday, September 10, 2009
What business means
I think businesses are to satisfy peoples’ needs and to make a profit. When you have a business, it is basically a requirement to make profits. In actuality, if you have no profits, then you will either have a struggling business or no business at all. To make a profit, your consumers buy your products. If your product satisfies your consumer’s needs, then they will more than likely come back and purchase that same or more products considering you are a dependable business. Therefore, you make profits. From what I’ve understood from the reading, Marx and I have the same notion on business. Marx explains the C-M-C concept which is pretty much the idea of a business. C-M-C is “selling in order to buy”. For instance, the seller buys the product, consumers then “pay him back” by purchasing that product, and then the seller has more money to buy more products. The idea that business is important is because it satisfies our human needs and with that, businesses can satisfy us more by supplying more of what we need.
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In your post you stated in instance that a businessman/woman purchases a product, puts it up for sale, and consumers "pay him back" the amount of money that he/she paid for the product, giving the seller more money to but more products. But if I may interject this much: if the businessman/woman purchases a product for a certain price, is not it important to to him or her to in turn sell the product for more than they paid for it to make the profits that you speak about in your post. This is not to refute your post in any way, rather just a way of trying to get you to examine the scenario a little bit further.
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