GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Net Profit Figures
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Number of Sales
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Percentage of Market Share
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Rate of Productivity Growth
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Level of Staff Turnover
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Detailed explanation-1: -Similar to the procurement ROI, cost reduction is an important KPI in procurement management. It measures the hard savings that were achieved through various cost and procurement management techniques. This KPI can be measured by comparing old and new costs for the good or service.
Detailed explanation-2: -Monthly recurring revenue (MRR) is one of the most important customer success KPIs for businesses that have subscription-based revenue. It shows you how much revenue your business generates each month from all active subscribers.
Detailed explanation-3: -Lagging KPIs are used to determine the result of past performance, such as production, volume or a result. They are easy to measure as they are typically a simple value that is used to understand how well a process is performing.
Detailed explanation-4: -This KPI expresses the share of revenue that represents the business’s profit per product, category or brand for example. It’s usually calculated by dividing the share of profit by the share of revenue and multiplying by 100. A higher share of profitable revenue indicates a more efficient pricing or better demand.