Question

Performance of business in the private sector is measured by:
(a) profitability (b) Customer satisfaction (c) Number of employees
(d) The salary of BOD

Answer 1

profitability is the answer.

Answer 2

Profitability is the method to measure the performance of the business in the ‘private sector’.

Option: (a)

Explanation:

• The private sector business is ‘part of the economy’ in the country that is run by ‘individuals and companies’.  

• The ‘private sector’ businesses have this as their main ‘objective of maximizing profits’.  

• Private organisation believes in promoting and expanding their business by making as much profit as possible.  

• The private sectors are an important contributor to the ‘economic development’ of the country.

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