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Why profits disappear Pls see the image

IMG_20200823_165752.jpg

Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Inter

12K+

23-Aug-20 16:58

339

Answers (2)

Best Answer

Any innovation could yeild greater profits till it is immitated by competitors. If competetors immitated then the profits are shared in long run . So profits tend to fall gradually if adequate corrective action is not taken.


Nithish Kumar

Nithish Kumar

CA Final

6K+

23-Aug-20 18:15

Innovation may result in great revenue flow to the entity but the same has been imitated and provided by our competitors may result in reduction in such revenue.


Lavanya Chitturi

Lavanya Chitturi

CA Inter

895

25-Aug-20 18:25

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