What are the Key Factors for Success (KFS) that companies in the Essay

What argon the Key Factors for advantage (KFS) that companies in the industry must satisfy in order to go over survival and seek matched advantages - Essay ExampleMore over, it has to be accessible to the consumers. Consumers like purchasing their products from easily accessible industries where they lavatory return them in case of malfunction. This generates confidence in the organizations products. On the other hand, consumers have a bun in the oven to be accessible to increase sales. Without proper access to the market, an industry may be unable to cheat the anticipated amount, or may incur higher costs of distribution.The choice of the business type is of intense importance. Investors need to identify a business and analyze the pay back period to ensure that they decline on the most applicable investment decision. It requires an analysis of the kind of consumers in the market to ascertain that the products offered by the industry match the of necessity of the consumers. T his is significant in developing positioning strategies for the products. It is also important to ensure that products are durable, especially for a newly established business. Once investors bring their capital in to the market, they are usually faced with problems, which are common for beginners. They are initially not competitive and therefore susceptibility take long to attract customers, hence the quantity of produce needs to be controlled until the business establishes in the market. For durable products, more products may be produced to be sold in the long-run.The products should be satisfactory to the health standards. The most risky occurrence in an organization may be the revocation of an operating license. This is because it susceptibility happen when the industry is already in operation, having produced a substantial amount of commodities. This may lead to a heavy loss, hence the need to satisfy the health and safety requirements in the workplace, as well as the recom mended standards in regard to quality (Hannagan, 2007 p 67). Consumers are usually sensitive to quality, especially for emerging products. The investor needs to satisfy consumer demands at