Analyse the success of business profitability
Answers
The success of a business profitability can be determined by a number of factors.
These factors are the overall profitability of such a form of business, total range of sustainability of the major business programs adopted by that company, uniqueness in offering certain services or products to customers that are not offered by competitor companies in the same work field.
Apart from these, the managers of a company also need to understand if the goods and services are able to meet the demands of the customers or not, i.e. whether they can satisfy the customers or not, and whether they have been able in creating a good base for corporate social investment.
The success rate can accordingly be identified and further efforts can be made to increase it.
Answer:
Profitability is the capability of business to earn profit. Business should have profitability to earn better profit. Profitability is important even for a small business because it shows whether the company could grow its business.
So there should be success in business profitability. The profit goes directly to the owner of the company. The owner can take it or can re-invest in the company itself. Profit can make a business successful. The mission of a small or large business is to make the business successful by increasing the profit.
Efficient management structure and flexible decision making can increase the profit in a business. Business can also improve profitability by managing costs, reviewing offers, concentrate in sales, expand market, etc.
Explanation: