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To what extent is profit a good indicator of the success of an organisation
Member rating: No Rating | Words: | Submitted: Fri Jan 28 2005
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ESSAY SUBJECT: BUSINESS STUDIES TITLE: TO WHAT EXTENT IS PROFIT A GOOD INDICATOR OF THE SUCCESS OF AN ORGANISATION NAME: QIMIN LIU GROUP: D DATA: 01-12-2001 In most of people's opinion, the aim of operating a business enterprise is attempt to achieve as much return as possible. However this is perhaps too general an assumption to make. Thus this essay is going to discuss what extent is profit a good indicator of the success of an organisation. At the beginning, it explains the deep-seated signification of profit. Following this, not-for-profit organisation and profit organisation are analysed with their objectives. Also in this essay, some important factors that affect the measurement of success of organizations are discussed as well. Some examples are quoted and a few graphs are showed in this essay in order to give further dissertation of indicator for business. The definition of profit in dictionary is advantage, benefit, return, etc. But these...
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