what describes the purpose and value of business
Answers
Explanation:
Your business purpose is the reason you have formed your company boiled down to a single sentence (or two). It can be industry specific or general enough to include ancillary and future business activities. To understand business purpose, it is important to distinguish it from your company's vision or mission.
In management, business value is an informal term that includes all forms of value that determine the health and well-being of the firm in the long run. ... Business value often embraces intangible assets not necessarily attributable to any stakeholder group.
Answer:
Business valuation determines the economic value of a business or business unit. Business valuation can be used to determine the fair value of a business for a variety of reasons, including sale value, establishing partner ownership, taxation, and even divorce proceedings.