What Is A Cash Cow?
In simple terms, the cash cow is a metaphor of a cow that produces milk throughout its lifespan and requires little to no maintenance.
In business terms, a cash cow is a profitable product or business that brings in a steady flow of income. Even without investing much, the cash cow continues bringing in a nice and steady income. When we look at it, there can be various definitions, one amongst them is:
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Example of slow-growth industries can be grocery stores, soft drinks, automotive, gas stations, leather goods, shoes, etc. Cash cows have always been profitable for the company’s growth because it helps the company to focus their energy and time on other projects or services. With this, the companies are expanding in one way or the other. The sport of market needs cash cows to work more efficiently!
Citations :
Skillioma (October 12, 2024) What Is A Cash Cow?. Retrieved from https://repo.skillioma.com/what-is-a-cash-cow/.
"What Is A Cash Cow?." Skillioma - October 12, 2024, https://repo.skillioma.com/what-is-a-cash-cow/
"What Is A Cash Cow?." Skillioma - Accessed October 12, 2024. https://repo.skillioma.com/what-is-a-cash-cow/
Skillioma March 28, 2024 What Is A Cash Cow?., viewed October 12, 2024,<https://repo.skillioma.com/what-is-a-cash-cow/>
Skillioma - What Is A Cash Cow?. [Internet]. [Accessed October 12, 2024]. Available from: https://repo.skillioma.com/what-is-a-cash-cow/
"What Is A Cash Cow?." Skillioma [Online]. Available: https://repo.skillioma.com/what-is-a-cash-cow/. [Accessed: October 12, 2024]
Power Words :
- venture
- generates
- quadrants
- analyse
- complement
- emerging
- well-established
- strategic
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