Success - based on quality, for example starting a restaurant employing a professional chef. This means that your business would have a good quality and people would eat at the restaurant more. Increasing your profit and market share.
Success - based on price, for example selling things at low prices so that when a recession hits an economy, people choose your cheap products. This means that your profit and market share increase because so many people buy your products.
Profits are the rewards for risk taking. It is the difference between costs and revenue. It is the primary way to measure success.
Market Share is how much of the market your firm has power over. It is calculated by making a percentage of how much of the sales in the market, have been made by your company. If your firm has over 25% you have a monopoly power.
Social Success - The perfomance of a business when it takes account of social, environmental and ethical factors.
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