Analyse the success of the business using the following key success factors profitability of the business, sustainability, uniqueness, customer base, corporate and social investment
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Answer:
Business success as per the following parameters -
Sustainability - This step says to maintain the position where the firm is doing business at the desired scale in the economy and able to maintain its financial position after meeting the financial needs of the society.
Uniqueness - Every Business is unique in its way of working that affects the overall name, scale of working and it's goodwill.
Unique helps to maintain the distinguished identity of the frim among the Economy with several competitors.
Customer-based - Every firm has its set targets when it's come to the customer.
Some firms target customers based o gender differences whereas some firms target the customer of the economy based on their age a d interest groups.
Corporate and social investments - This shows how strongly the firm stands in the economy where customers can rely on them to invest through their social awareness or the corporate working of the firm. This also plays an important role to build the goodwill among its buyer.