SUCCESSFUL BUSINESS APPROACHES
Abstract
The article presents the main features of the business as an economic activity and an overview of business procedures. A distinction is made between different types of business depending on the content of the business activity and its relation to the main stages of the reproduction process. The company is analyzed as a business unit, considering the issues related to different types of costs and opportunities for generating and maximizing profit. The main financial indicators for the analysis of the company status are presented. Finally, it is emphasized that economic efficiency in business is manifested by the final economic result and the total cost of resources to achieve that result.
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New knowledge Journal of science is financed by the National Science Fund of the Republic of Bulgaria - contract № КП-06-НП1/5 of 17.12.2019 in the competition of Bulgarian scientific periodicals – 2019
New knowledge Journal of science is financed by the National Science Fund of the Republic of Bulgaria – contract № ДНП 05/52 от 22.12.2016 in the competition of Bulgarian scientific periodicals – 2016
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