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Business Coggle Map - Coggle Diagram
Business Coggle Map
Growth
Why do businesses grow?
Growth is crucial to the long-term survival of a business. It helps to acquire assets, attract new talent and fund investments. It also drives business performance and profit.
How do business grow?
When there is an increase in sales, increase in market share, having greater control over the market, increase in profits.
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Profit
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How to measure profit?
Profit is revenue minus expenses. For gross profit, you subtract some expenses. For net profit, you subtract all expenses. Gross profits and operating profits are steps on the road to net profits.
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Ethical Objectives
What is business ethics?
Business ethics refers to the principles and values that guide the behavior and decision-making of individuals and organizations in the business world, emphasizing moral and socially responsible conduct.
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