Writing Feedback / IELTS1: process by which academic books are published [4]

IELTS Academic Task 1:
Writing task: The flow chart below shows the process by which academic books are published. Write a report for a university lecturer describing the information shown below.

Chart: zapodaj . net/c6adbb44fd542.jpg. html

My report:

The flow chart illustrates the process of publishing academic books.

First, a publisher needs to research the market so as to know which subjects are in demand and if there is any competition. Then, the decision has to be made whether submitted manuscript ought to be selected or authors for new material should be sought after. When the manuscript is submitted, it is then reviewed by the readers and the best project is chosen for commission. If any corrections are needed, a manuscript is sent back to the author so that its final version meets given criteria.

If the publication is likely to be a financial success, a marketing strategy is prepared to encourage more people to buy the book. After the price is set and decisions concerning distribution are made, the books is sent to warehouse and then published.

However, if the book is not likely to bring financial profit, the whole process should be repeated.

Thank you in advance for any suggestions concerning my IELTS report :)