which of the following is not a business growth impact measure
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Complete question:
Which of the following is not a business growth impact measure?
Options:
(1)Sales Growth
(2)Cost Savings
(3)Productivity Improvement
(4)Increased Market Share
Option 2 - Cost savings is not considered for measuring the impact of business growth.
Business growth:
- The long-term survival of a corporation depends on growth.
- It facilitates asset acquisition, talent attraction, and investment financing.
- Profit and corporate performance are also fueled by it.
- For a variety of reasons, corporate growth can be beneficial.
- Growth can also improve your company's reputation, give you more options for suppliers, and boost stability and revenue.
- But for growth to be effective and long-lasting, it must be deliberate and motivated by the appropriate factors.
- Factors considered to measure the business growth are sales growth, productivity improvement, and increased market share.
Reasons for business growth:
- The majority of firms expand in order to grow larger, possibly by growing revenue or market share, but size isn't the sole factor.
- Numerous other advantages encourage organisations to expand and become more resilient or sustainable in the market, which lowers prices because of economies of scale.
- more dominant market position
- stronger purchasing and negotiating power capacity
- to diversify business risks
- to lessen competition threat ability
- to withstand market changes and downturns ability
- to attract top personnel and staff
Hence, cost savings is not considered to measure the business growth.
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Answered by
1
Complete question
Which of the following is not a business growth impact measure?
(1)Sales Growth
(2)Cost Savings
(3)Productivity Improvement
(4)Increased Market Share
Answer:
Cost savings isn't always a commercial enterprise increase effect degree.
Explanation:
- Cost-saving is the economic goal to lessen the extra fees that arise in any commercial enterprise.
- When you store prices for your commercial enterprise, you are slicing out the unwarranted and sudden prices incurred for daily commercial enterprise operations.
- Irrespective of your agency length or industry, saving prices are essential.
- The sales increase is a degree of the change in sales over a set length of time.
- Productivity is fundamental to a company's profitability and long-time period success. It measures how much output an agency can produce from sources together with labor, capital, or raw materials.
- Higher marketplace proportion can assist enhance income while existing, brand-unswerving clients purchase extra of a company's products.
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