Question

What is the “Profit Equation” that businesses need to successfully navigate if they want to stay in business long-term?

Answer 1

Answer:

To maintain its quality.

Explanation:

The “Profit Equation” that businesses need to successfully navigate is the maintenance of quality of the products that are produced because people gives preference to the quality of products. If a person wants to be successful in business and made high profit so he never compromise on the quality of his product. Those companies who  does not focus on the quality will shut down very soon because people can't buy their products and as a result the company experience a great loss and will shut down their business.