SlideShare ist ein Scribd-Unternehmen logo
1 von 11
The Role of Profits and Markets
Profit ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Profit ,[object Object],[object Object],[object Object],[object Object]
Profit ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Profit margin = profit / revenue x 100 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Losses ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Adding Value ,[object Object],[object Object],[object Object]
The Market System ,[object Object],[object Object],[object Object],[object Object],[object Object]
The Market System ,[object Object],[object Object],[object Object]
The Market System ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Market System ,[object Object],[object Object],[object Object],[object Object],[object Object]

Weitere ähnliche Inhalte

Was ist angesagt?

Economies and Diseconomies of scale
Economies and Diseconomies of scaleEconomies and Diseconomies of scale
Economies and Diseconomies of scaletutor2u
 
Economies of scale & scope
Economies of scale & scopeEconomies of scale & scope
Economies of scale & scopeAwesh Bhornya
 
Economies and diseconomies of scale
Economies and diseconomies of scaleEconomies and diseconomies of scale
Economies and diseconomies of scaleniraj joshi
 
Theory of frims cllg presentation
Theory of frims cllg presentationTheory of frims cllg presentation
Theory of frims cllg presentationPragya Kashyap
 
L6 m2 lo2_transcript
L6 m2 lo2_transcriptL6 m2 lo2_transcript
L6 m2 lo2_transcriptBella Akora
 
Economies Of Scale
Economies Of ScaleEconomies Of Scale
Economies Of Scaleguest9188c15
 
Scale of Economies and Diseconomies in Long Run
Scale of Economies and Diseconomies in Long RunScale of Economies and Diseconomies in Long Run
Scale of Economies and Diseconomies in Long Runashrafblr123
 
ECONOMIES AND DISECONOMIES OF SCALE
ECONOMIES AND DISECONOMIES OF SCALE
ECONOMIES AND DISECONOMIES OF SCALE
ECONOMIES AND DISECONOMIES OF SCALE ruraljuvenile9127
 
Production in relation to economies and diseconomies of scale
Production in relation to economies and diseconomies of scaleProduction in relation to economies and diseconomies of scale
Production in relation to economies and diseconomies of scaleAshwin Pathak
 
Economies of scale
Economies of scaleEconomies of scale
Economies of scaleDaksh Bapna
 
Economies & Diseconomies of Scale
Economies & Diseconomies of ScaleEconomies & Diseconomies of Scale
Economies & Diseconomies of ScaleShivesh Ranjan
 
Unit 3 Business Economics Glossary
Unit 3 Business Economics GlossaryUnit 3 Business Economics Glossary
Unit 3 Business Economics GlossaryEton College
 
Tutor2u - Production, Productivity and Costs
Tutor2u - Production, Productivity and CostsTutor2u - Production, Productivity and Costs
Tutor2u - Production, Productivity and Coststutor2u
 

Was ist angesagt? (20)

Economies and Diseconomies of scale
Economies and Diseconomies of scaleEconomies and Diseconomies of scale
Economies and Diseconomies of scale
 
Economies of scale & scope
Economies of scale & scopeEconomies of scale & scope
Economies of scale & scope
 
Me
MeMe
Me
 
Economies of scale
Economies of scaleEconomies of scale
Economies of scale
 
Economies and Diseconomies of scale
Economies and Diseconomies of scaleEconomies and Diseconomies of scale
Economies and Diseconomies of scale
 
Economies Of Scale
Economies Of ScaleEconomies Of Scale
Economies Of Scale
 
Economies and diseconomies of scale
Economies and diseconomies of scaleEconomies and diseconomies of scale
Economies and diseconomies of scale
 
Theory of frims cllg presentation
Theory of frims cllg presentationTheory of frims cllg presentation
Theory of frims cllg presentation
 
L6 m2 lo2_transcript
L6 m2 lo2_transcriptL6 m2 lo2_transcript
L6 m2 lo2_transcript
 
Market analysis
Market analysisMarket analysis
Market analysis
 
Economies Of Scale
Economies Of ScaleEconomies Of Scale
Economies Of Scale
 
Economies of Scope
Economies of ScopeEconomies of Scope
Economies of Scope
 
Economies and diseconomies of scale
Economies and diseconomies of scaleEconomies and diseconomies of scale
Economies and diseconomies of scale
 
Scale of Economies and Diseconomies in Long Run
Scale of Economies and Diseconomies in Long RunScale of Economies and Diseconomies in Long Run
Scale of Economies and Diseconomies in Long Run
 
ECONOMIES AND DISECONOMIES OF SCALE
ECONOMIES AND DISECONOMIES OF SCALE
ECONOMIES AND DISECONOMIES OF SCALE
ECONOMIES AND DISECONOMIES OF SCALE
 
Production in relation to economies and diseconomies of scale
Production in relation to economies and diseconomies of scaleProduction in relation to economies and diseconomies of scale
Production in relation to economies and diseconomies of scale
 
Economies of scale
Economies of scaleEconomies of scale
Economies of scale
 
Economies & Diseconomies of Scale
Economies & Diseconomies of ScaleEconomies & Diseconomies of Scale
Economies & Diseconomies of Scale
 
Unit 3 Business Economics Glossary
Unit 3 Business Economics GlossaryUnit 3 Business Economics Glossary
Unit 3 Business Economics Glossary
 
Tutor2u - Production, Productivity and Costs
Tutor2u - Production, Productivity and CostsTutor2u - Production, Productivity and Costs
Tutor2u - Production, Productivity and Costs
 

Ähnlich wie Role Of Profits And Markets

Demand analysis ppt @ mbabecdoms
Demand analysis ppt @ mbabecdomsDemand analysis ppt @ mbabecdoms
Demand analysis ppt @ mbabecdomsBabasab Patil
 
Economies of Scale and Resource Mix
Economies of Scale and Resource MixEconomies of Scale and Resource Mix
Economies of Scale and Resource Mixtutor2u
 
Structure
StructureStructure
Structuredomsr
 
Industry analysis- Fundamental analysis
Industry analysis- Fundamental analysis Industry analysis- Fundamental analysis
Industry analysis- Fundamental analysis BFSI academy
 
A2 Business Economics Glossary
A2 Business Economics GlossaryA2 Business Economics Glossary
A2 Business Economics Glossarytutor2u
 
Final micro economics
Final micro economicsFinal micro economics
Final micro economicsIGTC MUMBAI
 
Business Economics Glossary
Business Economics GlossaryBusiness Economics Glossary
Business Economics Glossarytutor2u
 
International strategies (Pricing and Distribution)
International strategies (Pricing and Distribution)International strategies (Pricing and Distribution)
International strategies (Pricing and Distribution)MelanieDsouza13
 
Market Based Management, business presentations
Market Based Management, business presentationsMarket Based Management, business presentations
Market Based Management, business presentationshttp://www.drawpack.com
 
Contestable Markets
Contestable MarketsContestable Markets
Contestable Marketstutor2u
 
Aqa bus2-marketingcompetitiveness
Aqa bus2-marketingcompetitivenessAqa bus2-marketingcompetitiveness
Aqa bus2-marketingcompetitivenessPeter Sammons
 
Marketstructure
MarketstructureMarketstructure
MarketstructureKevin A
 
Managerial Economics - Pricing Decision Lecture 1
Managerial Economics - Pricing Decision Lecture 1Managerial Economics - Pricing Decision Lecture 1
Managerial Economics - Pricing Decision Lecture 1kalipada Adhikary
 
Contestable markets Re-Cap & intro to govt intervention
Contestable markets Re-Cap & intro to govt interventionContestable markets Re-Cap & intro to govt intervention
Contestable markets Re-Cap & intro to govt interventionmattbentley34
 
Section 2 definitions diagrams
Section 2 definitions diagramsSection 2 definitions diagrams
Section 2 definitions diagrams12jostma
 
Monopoly2
Monopoly2Monopoly2
Monopoly2Slakos
 
Combining the marketing mix by Maxwell Ranasinghe
Combining the marketing mix by Maxwell RanasingheCombining the marketing mix by Maxwell Ranasinghe
Combining the marketing mix by Maxwell RanasingheMaxwell Ranasinghe
 

Ähnlich wie Role Of Profits And Markets (20)

Demand analysis ppt @ mbabecdoms
Demand analysis ppt @ mbabecdomsDemand analysis ppt @ mbabecdoms
Demand analysis ppt @ mbabecdoms
 
Economies of Scale and Resource Mix
Economies of Scale and Resource MixEconomies of Scale and Resource Mix
Economies of Scale and Resource Mix
 
Structure
StructureStructure
Structure
 
Industry analysis- Fundamental analysis
Industry analysis- Fundamental analysis Industry analysis- Fundamental analysis
Industry analysis- Fundamental analysis
 
Economics
EconomicsEconomics
Economics
 
A2 Business Economics Glossary
A2 Business Economics GlossaryA2 Business Economics Glossary
A2 Business Economics Glossary
 
Final micro economics
Final micro economicsFinal micro economics
Final micro economics
 
Business Economics Glossary
Business Economics GlossaryBusiness Economics Glossary
Business Economics Glossary
 
International strategies (Pricing and Distribution)
International strategies (Pricing and Distribution)International strategies (Pricing and Distribution)
International strategies (Pricing and Distribution)
 
Market Based Management, business presentations
Market Based Management, business presentationsMarket Based Management, business presentations
Market Based Management, business presentations
 
Ch11
Ch11Ch11
Ch11
 
Contestable Markets
Contestable MarketsContestable Markets
Contestable Markets
 
Aqa bus2-marketingcompetitiveness
Aqa bus2-marketingcompetitivenessAqa bus2-marketingcompetitiveness
Aqa bus2-marketingcompetitiveness
 
Marketstructure
MarketstructureMarketstructure
Marketstructure
 
Managerial Economics - Pricing Decision Lecture 1
Managerial Economics - Pricing Decision Lecture 1Managerial Economics - Pricing Decision Lecture 1
Managerial Economics - Pricing Decision Lecture 1
 
Contestable markets Re-Cap & intro to govt intervention
Contestable markets Re-Cap & intro to govt interventionContestable markets Re-Cap & intro to govt intervention
Contestable markets Re-Cap & intro to govt intervention
 
Market Mechanism
Market MechanismMarket Mechanism
Market Mechanism
 
Section 2 definitions diagrams
Section 2 definitions diagramsSection 2 definitions diagrams
Section 2 definitions diagrams
 
Monopoly2
Monopoly2Monopoly2
Monopoly2
 
Combining the marketing mix by Maxwell Ranasinghe
Combining the marketing mix by Maxwell RanasingheCombining the marketing mix by Maxwell Ranasinghe
Combining the marketing mix by Maxwell Ranasinghe
 

Mehr von Governance Learning Network®

Mehr von Governance Learning Network® (20)

Governance Learning Network®
Governance Learning Network®Governance Learning Network®
Governance Learning Network®
 
The Impact Of Government Policy On Business
The Impact Of Government Policy On BusinessThe Impact Of Government Policy On Business
The Impact Of Government Policy On Business
 
Winning With Leadership
Winning With LeadershipWinning With Leadership
Winning With Leadership
 
What Businesses Do
What Businesses DoWhat Businesses Do
What Businesses Do
 
Types Of Market
Types Of MarketTypes Of Market
Types Of Market
 
Types Of Business Organisation
Types Of Business OrganisationTypes Of Business Organisation
Types Of Business Organisation
 
The Theory Of The Firm
The Theory Of The FirmThe Theory Of The Firm
The Theory Of The Firm
 
Team Building & Team Work
Team Building & Team WorkTeam Building & Team Work
Team Building & Team Work
 
Small Firm Sector
Small Firm SectorSmall Firm Sector
Small Firm Sector
 
Stakeholder Model
Stakeholder ModelStakeholder Model
Stakeholder Model
 
Strategic Planning
Strategic PlanningStrategic Planning
Strategic Planning
 
Regulation
RegulationRegulation
Regulation
 
Strategic Thinking
Strategic ThinkingStrategic Thinking
Strategic Thinking
 
Pressure Groups
Pressure GroupsPressure Groups
Pressure Groups
 
Product Portfolio Analysis
Product Portfolio AnalysisProduct Portfolio Analysis
Product Portfolio Analysis
 
Production And Quality
Production And QualityProduction And Quality
Production And Quality
 
Production Methods & Kaizen
Production Methods & KaizenProduction Methods & Kaizen
Production Methods & Kaizen
 
Products And Services
Products And ServicesProducts And Services
Products And Services
 
Organisational Structures
Organisational StructuresOrganisational Structures
Organisational Structures
 
Organisational Functions
Organisational FunctionsOrganisational Functions
Organisational Functions
 

Kürzlich hochgeladen

Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsP&CO
 
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756dollysharma2066
 
RSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors DataRSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors DataExhibitors Data
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageMatteo Carbone
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Roland Driesen
 
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service BangaloreCall Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangaloreamitlee9823
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Neil Kimberley
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMANIlamathiKannappan
 
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...lizamodels9
 
Falcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to ProsperityFalcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to Prosperityhemanthkumar470700
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfAdmir Softic
 
Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1kcpayne
 
Business Model Canvas (BMC)- A new venture concept
Business Model Canvas (BMC)-  A new venture conceptBusiness Model Canvas (BMC)-  A new venture concept
Business Model Canvas (BMC)- A new venture conceptP&CO
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayNZSG
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Serviceritikaroy0888
 
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service AvailableCall Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service AvailableSeo
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentationuneakwhite
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxWorkforce Group
 
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...amitlee9823
 

Kürzlich hochgeladen (20)

Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and pains
 
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
 
RSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors DataRSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors Data
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usage
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...
 
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service BangaloreCall Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMAN
 
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...
Russian Call Girls In Gurgaon ❤️8448577510 ⊹Best Escorts Service In 24/7 Delh...
 
Falcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to ProsperityFalcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to Prosperity
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
 
Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1
 
Business Model Canvas (BMC)- A new venture concept
Business Model Canvas (BMC)-  A new venture conceptBusiness Model Canvas (BMC)-  A new venture concept
Business Model Canvas (BMC)- A new venture concept
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 May
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service AvailableCall Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptx
 
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
 

Role Of Profits And Markets

  • 1. The Role of Profits and Markets
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.

Hinweis der Redaktion

  1. It is important that students should understand that the absence of profit does not mean that a company will automatically ‘go bust’ or go out of business. Many companies will make losses at some point in their development – especially in the early stages of a new business or a new product launch. The important issue to get across is how companies in these positions deal with the challenge – there are 5 ideas given on the slide and it is worth spending some time discussing these.