Customer need is more important or profit to organisation.

1. What is business ?

2.  An organization or economic system which fulfills customers/group of
people’s need in exchange of money.
 Every business requires some form of investment and enough customers to
whom its output can be sold on a consistent basis in order to make a profit.
Definition of business

3. How Business Works
Problem
Identification
Creating
product for
customer
Setting market
Product
Development
Selling ProductEarning Profit
Using Profit
(internal / external
development)
Research

4. Why Profit Is Required ?
 Internal development of organisation.
 External development of organisation.
 Infrastructure upgradation.
 More research & better product development.
 Stay best in market.
 Technology advancement.

5. Why consumer need is important?
 If there is no need, what exactly you are in market to solve ?
 If you are not beneficial to any individual, why people will come to you?
 Solving customer needs is what makes business.
 More customers = More profit
 More Profit = Better Opportunities to create better product
 Better Product = Better Market Reputation
“Customer Is King”

6. Now What Do You Think ???
Profit Or Consumer Needs ?