A business is an organization that trades goods and operate to consumers. Businesses live to endure goods and/or services and make money as a result (Adam, 2009). The failure to focus on goods and services invariably results in a failed business that is not agelong capable of making money. Unfortunately too many businesses hit fallen into the view that stockholders argon more important than customers, so we see companies exploiting the very customers they depend on for their existence (Adam, 2009). A business can be a simple family have store or a large national retailer. They both and all follow the same forms to protect themselves and further mete out their constituents.
In the United States the most common forms of business atomic number 18 the sole proprietorship general partnership, limited liability community (LLC), and corporation. Each form has advantages and disadvantages in complexity, ease of setup, cost, liability protection, annual reporting requirements, operating complexity, and taxation. Choosing the right business requires a pastel balancing of competing considerations (Spadaccini, 2009). Businesses are built to succeed and require measurements to restrain and develop their practices.
Business performance measurement (BPM) and control systems are the formal, information-based routines and procedures managers use to maintain or alter patterns in organizational activities (Simmons 2000). A typical performance measurement helps businesses in periodically setting business goals and then providing feedback to managers on progress towards those goals (Simmons 2000). Lebas and Euske (2002) provide a good definition of performance as doing today what will lead to measured regard as outcomes tomorrow. Measurement systems are comprised of multiple measures. A measure (or metric) is a quantitative value that can be used for purposes of comparison (Simmons 2000). A item measure can be compared to itself over time, compared...If you want to maintain a full essay, order it on our website: Orderessay
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