There are many ways in which a business can be seen as successful. For example;
Profitability and Growth the amount of money they earn. With out this money it would be very difficult for them to grow.
Market Share is the % of the market the company owns. Some other businesses may try to steal some of your market share. Some businesses who own a lot of the market share could have more influence over the prices in the market.
Job Creations is the amount of people that the business has employed. This is an important measure of success as the local community and the whole country benefits if new jobs are created. Because money earnt will be spent in the local community.
Cash Flow how much money comes in and out at a certain time.
Ethics are the principles and values a company has. For example fair trade or reducing waste.
A successful business is one that meets its objectives. There are many different ways of measuring a businesses success some of these include profit, for many businesses increasing their profit is a main aim. Without profit it is difficult for a business to grow. Growth can be measured by increases in profits and sales. Another way in which success can be measured is through a businesses market share. If a business grows it will need to employ more people. Job creation is also an important measure of success as the local community and increasing productivity or reducing costs country benefits if more jobs are created. Additionally, cash flow and ethics are important in showing success in a business. is a main aim.
Profitability and Growth the amount of money they earn. With out this money it would be very difficult for them to grow.
Market Share is the % of the market the company owns. Some other businesses may try to steal some of your market share. Some businesses who own a lot of the market share could have more influence over the prices in the market.
Job Creations is the amount of people that the business has employed. This is an important measure of success as the local community and the whole country benefits if new jobs are created. Because money earnt will be spent in the local community.
Cash Flow how much money comes in and out at a certain time.
Ethics are the principles and values a company has. For example fair trade or reducing waste.
A successful business is one that meets its objectives. There are many different ways of measuring a businesses success some of these include profit, for many businesses increasing their profit is a main aim. Without profit it is difficult for a business to grow. Growth can be measured by increases in profits and sales. Another way in which success can be measured is through a businesses market share. If a business grows it will need to employ more people. Job creation is also an important measure of success as the local community and increasing productivity or reducing costs country benefits if more jobs are created. Additionally, cash flow and ethics are important in showing success in a business. is a main aim.