Question

identify and explain two reasons why external groups would be interested in measuring the size of the business like telcom​

Answer 1

Explanation:

Turnover The sales revenue or turnover of a business could be used to measure size. For example, BP, the UK oil company, is a very large business. Its turnover in 2008 was $361 billion. The number of employees A business with thousands of employees may be considered large.

Answer 2

The main two reasons why external groups may be interested in measuring the size of a business like Telcom are:

• They can be either investor. Investors sometimes want to compare a company to their close competitors to find would which investment would be more worthwhile.
• They can be potential employees. Employees may be interested in measuring the size of the business so that they can check before entering the company first.
• The government may also be interested as they sometimes want to provide support to small businesses and also to keep track of the taxes. They provide various kinds of other assistance too, for which they may want to scale a company.