UPSC Exam  >  UPSC Questions  >  The essential for getting success in business... Start Learning for Free
The essential for getting success in business is
1capital
2 efficient business organisation
3 machinery
4 honesty?
Most Upvoted Answer
The essential for getting success in business is1capital2 efficient bu...
Capital:
Having sufficient capital is crucial for any business to succeed. It allows for investments in necessary resources, such as equipment, inventory, and marketing. Without adequate capital, a business may struggle to grow, meet expenses, or handle unexpected challenges.

Efficient Business Organisation:
A well-organized business is more likely to succeed. This includes having clear goals, defined roles and responsibilities for employees, streamlined processes, and effective communication. An efficient business organization can help maximize productivity and minimize waste.

Machinery:
Having the right machinery and equipment can significantly impact a business's success. Whether it's manufacturing equipment, office technology, or tools for service-based businesses, having reliable and up-to-date machinery can improve efficiency, quality, and overall competitiveness.

Honesty:
Honesty is a fundamental trait that can make or break a business. Being honest with customers, suppliers, employees, and other stakeholders builds trust and credibility. Dishonesty can lead to damaged relationships, legal issues, and a damaged reputation that can be difficult to recover from.
In conclusion, having sufficient capital, an efficient business organization, the right machinery, and practicing honesty are essential components for achieving success in business. By prioritizing these factors and continuously striving to improve in each area, a business can increase its chances of long-term success and sustainability.
Explore Courses for UPSC exam

Top Courses for UPSC

The essential for getting success in business is1capital2 efficient business organisation 3 machinery4 honesty?
Question Description
The essential for getting success in business is1capital2 efficient business organisation 3 machinery4 honesty? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The essential for getting success in business is1capital2 efficient business organisation 3 machinery4 honesty? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The essential for getting success in business is1capital2 efficient business organisation 3 machinery4 honesty?.
Solutions for The essential for getting success in business is1capital2 efficient business organisation 3 machinery4 honesty? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of The essential for getting success in business is1capital2 efficient business organisation 3 machinery4 honesty? defined & explained in the simplest way possible. Besides giving the explanation of The essential for getting success in business is1capital2 efficient business organisation 3 machinery4 honesty?, a detailed solution for The essential for getting success in business is1capital2 efficient business organisation 3 machinery4 honesty? has been provided alongside types of The essential for getting success in business is1capital2 efficient business organisation 3 machinery4 honesty? theory, EduRev gives you an ample number of questions to practice The essential for getting success in business is1capital2 efficient business organisation 3 machinery4 honesty? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev