What makes a successful company? Complete the sentences with words and phrases from the box. demand grow control market share profit market leader A successful company has to make…
What makes a successful company? Complete the sentences with words and phrases from the box. demand grow control market share profit market leader A successful company has to make a 2 There has to be a for your products. 3 The most successful companies the market. 4 Successful companies have a bigger percentage of sales than their competitors. They have a bigger 5 A company that has the biggest sales or the best selling product in the market is the 6 Successful companies are always finding new markets and new opportunities to
Let's go step by step to complete the sentences about what makes a successful company using the words and phrases provided.
A successful company has to make a profit.
- Explanation: A profit is the financial gain that a company makes after subtracting all expenses. Without profit, a company cannot sustain its operations or grow.
There has to be a demand for your products.
- Explanation: Demand refers to the consumer's desire to purchase goods or services. If there is no demand, a company will struggle to sell its products.
The most successful companies control the market.
- Explanation: To control the market means to have significant influence over it, often achieved through innovation, quality, and customer service, which helps in maintaining competitive advantage.
Successful companies have a bigger percentage of sales than their competitors. They have a bigger market share.
- Explanation: Market share is the portion of a market controlled by a particular company. A larger market share indicates a company’s effectiveness in selling its products compared to others.
A company that has the biggest sales or the best selling product in the market is the market leader.
- Explanation: The market leader is recognized as the top seller in a particular market segment, often setting trends and influencing market dynamics.
Successful companies are always finding new markets and new opportunities to grow.
- Explanation: Growth is crucial for a company's longevity. It can involve expanding into new geographical areas, product lines, or demographic segments.
Putting it all together, we fill in the sentences as follows:
- A successful company has to make a profit.
- There has to be a demand for your products.
- The most successful companies control the market.
- Successful companies have a bigger percentage of sales than their competitors. They have a bigger market share.
- A company that has the biggest sales or the best selling product in the market is the market leader.
- Successful companies are always finding new markets and new opportunities to grow.
Understanding these concepts is essential for recognizing what factors contribute to a company's success in the competitive business environment.
