explain the following objectives of a business organisation
(a) market standing
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Answer:
Market standing refers to the amount of sale done by a business in a particular market. The business with higher market standing have a better position in the market.
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Aɴsᴡᴇʀ:
Mᴀʀᴋᴇᴛ sᴛᴀɴᴅɪɴɢ ʀᴇғᴇʀs ᴛᴏ ᴛʜᴇ ᴀᴍᴏᴜɴᴛ ᴏғ sᴀʟᴇ ᴅᴏɴᴇ ʙʏ ᴀ ʙᴜsɪɴᴇss ɪɴ ᴀ ᴘᴀʀᴛɪᴄᴜʟᴀʀ ᴍᴀʀᴋᴇᴛ. Tʜᴇ ʙᴜsɪɴᴇss ᴡɪᴛʜ ʜɪɢʜᴇʀ ᴍᴀʀᴋᴇᴛ sᴛᴀɴᴅɪɴɢ ʜᴀᴠᴇ ᴀ ʙᴇᴛᴛᴇʀ ᴘᴏsɪᴛɪᴏɴ ɪɴ ᴛʜᴇ ᴍᴀʀᴋᴇᴛ.
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