Intuitive and basic for any business?

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Reading about Management (Project Management, Adrienne Watt. The Open University of Hong Kong.
I found those basic and intuitive principles for any business...

Screen Shot 20201129 at 9.54.09 PM.png

Could this apply for the Trading?

What do you think?

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I have heard a similar line with response to sailing. You can choose your rout, you can choose your destination, and you can choose time of arrival. But not all 3.

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