Analyse the success of the business using the following key success factor .profitability,sustainability,uniqueness,customer base and corporate social investment
Answers
Explanation:
if the business have no profit it have to face many problems related to finance
Answer:
Business success - This is a simple formula to understand the business progress at the end of the year to ascertain business financial and operational efficiency.
Factors to ascertain business success -
Profitability - Profitability is the foremost factor that assists business success. This factor depicts that the firm is financially stable in the economy. Profitability also states the efficiency and effectiveness of the firm working.
Sustainability - This factor talks about, maintaining the business in the economy based on a financial and operational basis. Here, we clear mind that business can meet its all financial and operational need and plan for future uncertainty.
Uniqueness - Every business needs uniqueness for their firms to stand out of the competition in the market. This factor helps to make different product shape, size, quality, quantity, and packaging.
Customer-based - Customer is the king of the current market. Producers now create and analyze the customer's needs and want to create any product to satisfy the customer. It helps to create a good Market share for the firm.
Corporate social investment - Nowadays, everything is online line and in the reach of the customer across the global. Smartly investment in the corporate social world is now the demand of the time and need of the frim to create better trust about the firm and its awareness.