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Business Objectives - Coggle Diagram
Business Objectives
Growth
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Businesses grow when the expand their customer base, increase revenue, and produce more products.
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Ethical Objectives
The Cambridge dictionary defines business ethics as: "The rules, principles, and standards of deciding what is morally right or wrong when working".
Business ethics inherently refers to the implementation of appropriate business practices and policies in the workplace.
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Profit
Profit is the financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
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Profit can be measured by initially measuring gross profit. Subtract the cost of goods sold from net sales. Then, you can calculate the gross profit margin ratio by dividing your gross profit by net sales, then multiplying that number by 100.
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