Some people believe that the most effective way to judge someone’s success in business is by the amount of profit they create. Is money an accurate reflection of the success of a business, and how else could the success of a business be judged?

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It is true that the amount of
profit
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is the most reflective indicator to evaluate the success of the
business
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.
However
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, there
are
Suggestion
is
more than one way to help us have a more comprehensive view about
business
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achievement. On one hand,
profit
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is a norm that everyone can easily see and compare between companies through the figures in the financial statements. Financial analysts rely on that data and assess that in the financial year, the company was performing well and managing costs effectively.
Moreover
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, the annual
profit
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, which determines dividends to shareholders, is
also
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an important concern for investors to decide whether or not to devote their money. The more capital a
business
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has, the more its expansion and growth. Having said that, money is not the only measure of success.
On the other hand
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, there are many other ways in which the peak of running
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business
Suggestion
a business
can be judged.
First
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and foremost, the
brand
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is considered one of the most valuable assets of the company and
brand
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value in the market is a measure of the success in a
business
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. A strong
brand
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name will
Accept comma addition
name, will
help businesses have a firm position in the intense competition in terms of price, investment capital and attract talents.
Secondly
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, future growth factors are
also
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criterion
Suggestion
criteria
a criterion
used to evaluate the
business
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operations.Having
good track record
Suggestion
a good track record
in the past and
sustainable
Suggestion
sustaining
competitive advantage cannot guarantee high revenue and
profit
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in the future.
Therefore
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, a company
that is
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considered as an ongoing objective of
business
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needs to have strategy to continue to maintain its achievements. In conclusion,
although
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the amount of money a
business
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generates is the most effective evidence to rate the management of the
business
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, other factors
such
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as
brand
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value or future
business
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strategy
also
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play an important role in assessing operations of the enterprise.
Submitted by Mai Anh Bui on

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    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
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Topic Vocabulary:
  • profit margin
  • revenue
  • financial health
  • market demand
  • customer satisfaction
  • brand reputation
  • loyal customers
  • service quality
  • employee retention
  • work environment
  • innovation
  • market trends
  • sustainable practices
  • ethical practices
  • long-term success
  • responsible business
  • corporate social responsibility (CSR)
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