The performance of business in the Public sector is measured by? (A) P...
Introduction:
Performance evaluation is an essential aspect of every business in the public sector. It helps to determine the effectiveness of the organization's policies, strategies, and operations. The performance of business in the public sector can be measured by various factors.
Factors that measure performance in the Public sector:
1. Customer satisfaction: The public sector businesses need to ensure that they provide the best services to their customers. Customer satisfaction is a crucial factor in determining the performance of these businesses. The satisfaction of customers is measured through feedback surveys, ratings, and reviews.
2. Profitability: Profitability is another factor that measures the performance of businesses in the public sector. Profitability is determined by the revenue generated by the business minus the cost of operations. A profitable business indicates that it is efficient in its operations.
3. Number of employees: The number of employees is also a factor that measures the performance of businesses in the public sector. The number of employees can indicate the level of productivity and efficiency of the business.
4. The salary of BOD: The salary of the Board of Directors (BOD) is not a direct measure of the performance of businesses in the public sector. However, it can indirectly indicate the efficiency of the business. If the salary of the BOD is high, it can indicate that the business is profitable and efficient.
Conclusion:
In conclusion, the performance of businesses in the public sector can be measured by various factors, including profitability, customer satisfaction, number of employees, and the salary of the BOD. These factors can help to determine the effectiveness of the organization's policies, strategies, and operations. It is essential for businesses in the public sector to continuously evaluate their performance to ensure their sustainability.
The performance of business in the Public sector is measured by? (A) P...
Customer satisfaction
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