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9 Cards in this Set
- Front
- Back
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What are 3 Non-Financial Indicators that can be used to evaluate a businesses performance?
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1. Customer Satisfaction
2. Quality Standards 3. Market Share |
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What is the net profit ratio?
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The net profit ratio shows the amount of revenue that results in net profit
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What is the Gross Profit ratio?
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The gross profit ratio shows the amount of revenue that results In gross profit
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What is Evaluation?
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Evaluation is the process of assessing whether the business has achieved stated objectives
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What does SMART stand for?
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Specific
Measureable Achievable Realistic Timely |
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What is a loss?
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The expenses that are greater than the income
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What is a profit?
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The income that is earned is greater than the expenses
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What is a Market Share
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The amount of the market that is owned by the specific company
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What are the useful quality traits needed in business
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Risk taker
Persistent Enthusiasm Consistency Positive attitude Adaptability Confidence Independent Honesty |
