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Definition of "Business Control" |
Many small businesses lack proper control systems because they are focused on production or service issues. The business may be too small to employ an accountant, let alone a person concerned with quality control.Having a control system allows you to monitor, measure and adjust where necessary your organisation’s performance, whether it be sales, production capabilities, or general efficiencies. In other words, the purpose of business control is to identify unfavourable business performance so appropriate actions can be undertaken. |
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