Question

Which is the yard stick for the efficiency of business ?
[A] Profit
[B]Management
[C] Production
[D] Sales ,,,,,,,,, MCQ​

Answer 1

Answer:

option a profit

Explanation:

cut down on costs and realize greater profits

Answer 2

[A] Profit is the yardstick for the efficiency of the business.

A yardstick for measuring business success:

• ROCE (Return on Capital Employed) determines the effectiveness and profit growth of a business's capital investments.
• For example, capital assets like trucks and computers must help the business become more efficient, reduce costs, and increase profits.
• The ROCE percentage also implies whether the company generates enough revenues and profits to create the correct use of its capital assets.
• The higher the percentage, the better.