Examlex
Discuss the general strategies for selecting target markets.
Improved Profitability
An increase in the net profit margin, indicating better efficiency in managing costs or increasing sales revenues.
Benchmarking
The practice of comparing business processes and performance metrics to industry standards and best practices from other companies.
Limitations
Constraints or restrictions that impact the scope, effectiveness, or outcome of an activity, study, or project.
Balanced Scorecard
A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align daily work with strategy, prioritize projects, products, and services, and measure and monitor progress towards strategic targets.
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