0
When a successful business is able to use and sell its productive resources effectively the business is able to make a(n)?
When a successful business effectively utilizes and sells its productive resources, it is able to make a profit. This efficient management of resources leads to increased productivity and competitiveness in the market. As a result, the business can reinvest in growth, innovate, and enhance its overall sustainability. Ultimately, this creates value for both the company and its stakeholders.
What else can I help you with?
What if your friend is a business owner in a market economy. What decides how to allocate the productive resources he uses?
Central authority
How can one respond effectively to a business enterprise?
That he/she knows the traits and characteristics of a good entrepreneurial person or a successful businessman/businesswoman
What key resources for a business?
Key resources for a business typically include physical assets (like equipment and facilities), intellectual property (such as patents and trademarks), human resources (skilled employees), and financial resources (capital and funding). These resources are essential for operations, innovation, and competitive advantage. Additionally, strong relationships with suppliers, customers, and partners can enhance a business's capacity to thrive. Effectively managing these resources is crucial for achieving strategic goals and sustaining growth.
What is the difference between effectively and efficiently in business?
Effectively is doing the right things in producing the intended results. Efficiently is doing the things right using lesser resources in producing the intended results.
What makes a business successful?
A successful business will use all the proper tools to his advantage. Online entrepreneurs should use the most up to date entrepreneur resources to get ahead of the competition and stick out from the crowd. Press release distribution, social media, and tell a friend script are just a few items an entrepreneur can find online to help their small business become successful.
What if your friend is a business owner in a market economy. What decides how to allocate the productive resources he uses?
Central authority
Definitions of small business management by various authors?
According to Peter Drucker, small business management involves setting clear objectives, organizing resources effectively, and making optimal use of available technology to achieve business success. Mary Coulter defines small business management as the process of planning, organizing, leading, and controlling resources in a small business to achieve its goals and objectives. In the book "Entrepreneurship and Small Business Management" by Steve Mariotti and Caroline Glackin, small business management is described as the ability to build and manage a successful business by effectively handling various operational aspects such as finance, marketing, and human resources.
How can one respond effectively to a business?
That he/she will know the traits and characteristics of a good entrepreneurial person or a successful businessman/businesswoman
What kinds of internal controls should be put in place for a business?
It depends on how you are defining internal controls. However, for any business to be successful, the following resources must be in place, in sync, and in harmony with no misalignment's, gaps, or disconnects. Organization of: * Material resources * Human resources * Financial resources * Informational resources
How can one respond effectively to a business enterprise?
That he/she knows the traits and characteristics of a good entrepreneurial person or a successful businessman/businesswoman
What is productive assets?
A productive asset is anasset that is used to produce goods in any business.
How can one respond effectively to a business opportunity?
That he/she will know the traits and characteristics of a good entrepreneurial person or a successful businessman/businesswoman
What would you recommend to Shanghai VW to remain successful in the future?
The only secret to a successful business that I know of is this: Provide a demanded, quality product (or service) at a fair price cost effectively.
What are the four resource that combine a business?
The four resources that combine to form a business are human resources, financial resources, physical resources, and informational resources. Human resources refer to the workforce and their skills, while financial resources encompass the capital needed for operations. Physical resources include the tangible assets like buildings and equipment, and informational resources involve data and knowledge that support decision-making and strategy. Together, these resources enable a business to function effectively and achieve its objectives.
If a business is to be successful in the long run it must produce quality products operate efficiently and be?
customer-focused. A long-term successful business prioritizes understanding and meeting customer needs, fostering loyalty and repeat business. Additionally, maintaining high-quality standards and operational efficiency ensures that resources are used effectively, minimizing costs and maximizing satisfaction. This holistic approach enables a company to adapt to changing market conditions and sustain growth over time.
Is Subway a successful business?
Yes, Subway is a very successful business.
What key resources for a business?
Key resources for a business typically include physical assets (like equipment and facilities), intellectual property (such as patents and trademarks), human resources (skilled employees), and financial resources (capital and funding). These resources are essential for operations, innovation, and competitive advantage. Additionally, strong relationships with suppliers, customers, and partners can enhance a business's capacity to thrive. Effectively managing these resources is crucial for achieving strategic goals and sustaining growth.
