Fulfilling a market need can help increase a business’ profits. This is particularly the case if, in filling the need, the business is 'f____ a g__' in the market.
Shareholders make a return via the value of their s_____ increasing.
G_____ p______ is the amount of money that remains after a business’ cost of sales is deducted from its revenue.
The higher a business’ net profit figures, the more likely it is that financial institutions will be willing to provide the business with l_____ that may be needed to grow the business further.
A business’ r________ is the amount of money the business has earnt from selling its goods and/or services.
Efficiency is how w___ a business is using its resources to achieve its stated objectives.
A business’ m_______ s_______ is the business’ proportion of total sales in a specific market or industry.
B________ o_________ are the specific targets a business is aiming to achieve within a specified time period.
If, over a long period of time, a business’ expenses are greater than the business’ revenue, the business will be declared i_______ (if the business is a separate legal entity).
If a business’ market share increases, the business’ profits tend to also increase because, by definition, a larger p________ of the sales in the specific market or industry relate to the business’ goods and/or services.
If a business’ market share increases, the business’ performance is improving, relative to its c_________.
A business is fulfilling a s______ n___ if its business activities are helping to make the world a better place by improving human wellbeing, the community and/or the environment.
A business is improving its efficiency if it is making a b____ u__ of its resources, such as by reducing waste.
A business’ expenses are equal to the cost of sales plus other costs, such as the cost of r___, utilities and cleaning.
In a basic sense, businesses want to improve their effectiveness because doing so will, by definition, increase the extent to which the businesses achieve their stated objectives and, thus, also increase the extent to which the businesses experience the b_____ associated with achieving these objectives.