PROFITABLE GROWTH OF ENTERPRISES ECONOMIC GOODS

Whenever we talk about the growth of enterprises, we are referring to those things that make organizations effective and efficient which, inadvertently increases the profit making of the those enterprises. Also, we look at the forces in the market (demand and supply) which determines the competitive strength of a company’s product and the market position.

Again let us discuss the following for proper understanding of the profitable growth of an enterprise and economic goods.

 

1.    Environment (societal environment)

2.    Goods and services.

3.    Social Responsibility

1.        Environment (Society)

Society is one of component of external environment that constitutes the place in which an organization is established.’

This deals with the people (male and female or adult and kids) that lives in that particular geographical area.

To a large extent, these people determines the type of goods and services to be produced by organization (demand) which if well or favourably satisfied will lead to profit making and unarapabtf the company will record a profit growth.

2.        Socio Economic Goods

Whenever  we talk about socio-economic good, we are

referring id these goods that have both social and economic values, and that are viable is a society of their produced, for instance/”before an organization produces any product, that organization should survey and know life style of the purple, the behvaviour in relation to demand and the Acceptability of the product.                  

Again economically, the company should, know, (after the product shall have been accepted’) the best way to make the product viable and visible in the market.

3.        Social Responsibility

Some years ago, business organization has as their only concern the profit making.

In the present day organizations, the reverse is almost the case because communities in which the organizations exists have their own needs to meet. The following are the units to whom the organization owes some responsibilities.

1.         The community

2.         The government etc

There would have be the need to elaborate on the points mentioned above but for the sake of time which is limited and the volume of the work, it is pertinent at this juncture to cut it short till we discuss them (the units) later in our subsequent writings.