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Why is the development of an entire product line critical to Preserve’s growth and success?
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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Why is the development of an entire product line critical to Preserve’s growth and success?
Weegy: Product development is the process by which a company does one of two things: 1) creates an entirely new product that either adds to an existing product line or occupies an entirely new niche; 2) modifies or updates an existing product. [ Successful product development is essential for any business if it hopes to exist for any length of time. ] (More)
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Asked 11/16/2013 11:01:25 AM
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Why is the development of an entire product line critical to Preserve’s growth and success?
Weegy: If you decide that your priority is growth then you need to plan carefully if you are to succeed. Growth has its risks, but the right strategy can deliver stability, security and long-term profits. [ Once you've assessed the current strengths, weaknesses, opportunities and threats to your business and how well it's equipped to handle them, you can move on to the next stage - building a strategy for growth. ] (More)
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How does depreciation expense tell managers the useful life of an assets.
Weegy: For assets that are depreciated according to their estimated useful life and not based on their activity, [ a company's depreciation or amortization expense can be lowered if current estimates allow a company to extend the asset's useful life over a longer period than previously established. For example, if circumstances permit a company to increase an asset's useful life from five years to 10, the asset has a longer time period over which to be depreciated, resulting in a lower annual depreciation expense for its remaining life. ] (More)
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