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When a successful business is able to use and sell its productive resources effectively the business is able to make a(n) .?
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What if your friend is a business owner in a market economy. What decides how to allocate the productive resources he uses?
Central authority
What resource tells the managers of a business how effectively the other three resources are being combined and used?
technical
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
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
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 opportunity?
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
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 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 is productive assets?
A productive asset is anasset that is used to produce goods in any business.
How is a business successful?
business is successful is in your attitude so please your attitude is not change and positive so you always successful in business.
Is Subway a successful business?
Yes, Subway is a very successful business.
