A Good Business Essay -- GCSE Business Marketing Coursework

A Good clienteleWhat the characteristics of a good trading looks like?The basic element of a good business is derived from good management. It is true since business is run by individuals known as managers that perform specific business functions, such as manufacturing and production, finance and accounting, sales and marketing, and human resource departments. Identifying a good business is not an easy job an understanding of Managerial Economics is postulate because it provides some tools, techniques of analysis and Economic concepts to make good managerial decisions. The finding of this paper is to identify some characteristics of a good business and proclivity names of the companies having these certain characteristics. Most of good businesses turn over characteristics such as promising prospect, high rates of return on equity, steady festering of sales, and alike strong brands equity. When we talk about a good business, we atomic number 18 not only talking about past an d present gibe of a firm, but a good business should also have a good prospect. It is true that past successes do not vouch future day successes however the most common way to predict the future is based on the companies historical data because those all data argon available for us. Those data must depict consistent sales emersion and high rates of return on equity. Moreover, since many changes can happened, it is also important for a business to anticipate and adapt continuously to the ever-changing conditions. Since the commo...