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What are the requisites of a …

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What are the requisites of a successful business?

Posted by Thakur Harshita Singh 5 years, 1 month ago

CBSE > Class 11 > Business Studies

1 answers

Sia ? 5 years, 1 month ago

<div>Requisites of business success</div> <div>to achieve the business success some certain things are required they are as follows:</div>

Personality of the managers: the managers should be very good.he should have the pleasant personality. he also should have managerial skills, intillegence, good communication etc.
Well-defined objectives: the business should have its own objectives.so,that the activities on the organization can be easily carried out.it helps in achieving organizational goal.
Proper planning and policy: proper planning and policy should be made so that the company can achieve its goal without any difficulty.
Adequate finance: adequate finance is required to perform the day to day activities like buying and selling of the goods in the company.to operate the business activities adequate finance is inevitable.
Proper location, size: the business should be started in proper location so that all the required physical features can be achieved easily. so that the organizational goal can be easily achieved.

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This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

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