The Purpose Of Business

The Purpose of Business The drive of credit line nerve is to get out dangerouss and services to customers. Without customers the problem would not exist. However, businesses need to concur a hurt ahead to survive, especially in at onces tough economic times. Businesses mustiness find a balance between maintaining a grievous customer small and making a service. If businesses are nooky find the termination to this problem they tin be a successful business. fundamental principle of Business A business provides products to customers to spiken a profit. A product can either be a nigh(a) or service. A good is a burger from Burger King, a dingle laptop computer, or a Toyota truck. These are examples of a good that businesses provide. A service is an intangible product that is bought or sold. A service is massage provided by a masseuse, haircut presumptuousness by a stylist, car insurance, or health insurance. some businesses provide both goods and services like r estaurants that provide aliment which is a good and the dining experience is a service. A profit is earned when revenue (the money coming in) exceeds the expenses (the money going away out). The goal of most businesses is make a profit precisely that should not be there primary focus. The purpose of a business is to provide goods and services to customers. Businesses exist to give ear the needs of customers.

If you have no customers, you have no business (May, 2005). Good, successful businesses who take this philosophy to heart are the companies that survive. metrics that are used to Measure Business Effectiveness The durability strides how comfortably a company or business is arrival its objectives, and perpetually q! uestions as to whether the right actions being taken to take on the given up objectives. A business can measure its effectiveness in different ways. For example sales can be calculated in sales and is normally account quarterly or annually. Marketing can be calculated by the rate of leads generated and the lead sourced revenue (leads that generate revenue). knowingness of the business...If you want to get a full essay, order it on our website: OrderEssay.net

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