Successful Businesses Are Built on ________

question 43

Multiple Choice

Successful businesses are built on ________.

• A) Repeat business
• B) Big sales
• C) Frequent sales
• D) Intermittent business
• E) Occasional business

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Definitions:

Profitability

Refers to a company's ability to generate earnings over its costs and expenses.

Controllable Margin

Controllable margin refers to the amount of profit or income that can be directly influenced by the management's decisions, usually excluding fixed costs and overhead.

Operating Assets

Assets that are used for day-to-day functioning of a business and generating revenue, such as inventory, machinery, and buildings.

Return on Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated as the ratio of net profit to the initial cost of the investment.