What do businesses usually base their performance on?
Understand the Problem
The question is asking what criteria businesses typically use to evaluate their performance, particularly in relation to employee contributions and metrics.
Answer
Turnover and profit
The final answer is Turnover and profit
Answer for screen readers
The final answer is Turnover and profit
More Information
Businesses usually track performance based on profitability and growth, which efficiently measure its financial health and operational success.
Tips
It's crucial to identify which metrics directly affect a business's financial success, such as turnover and profit, as these provide a clear picture of performance.
Sources
- What is Business Performance? Definition and Examples - bigtime.net
- How to Measure Business Performance - HBS Online - online.hbs.edu
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