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Q: Why is the development of an entire product line critical to Preserve’s growth and success?
A: Your business' focus changes as it moves beyond the start-up phase. Identifying opportunities for growth becomes a priority to ensure the enterprise's sustainability. [ You can measure growth by looking at key statistics such as your: turnover market share profits sales staff numbers However, determining which measure delivers the most accurate picture of your business'
performance depends on both your type of business and what stage it has reached. For example, a retail business may have a high sales volume, but narrow margins on stock. These could mean low profits that undermine the business' viability. In general, a combination of sales and profits is the balanced way of measuring growth. ........... ]
Expert answered|sujaysen|Points 5300|
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Asked 11/16/2013 12:01:00 PM
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