4.1 Key performance indicators

Identify at least 2 key performance indicators a clothing business will use in its business. Define what they are and explain how they will assist the clothing business to operate the business's profitably. Eg, this might be to find 10 new customers each month in the first 2 months, or increase sales by 10% in the first 3 months etc. These do not necessary have to be financial indicators, but performance indicators for your business operation.

4.2 Monitoring of marketing and operational strategies

Explain how the clothing business will monitor the financial results of the business to ensure to business goals can be met. Indicate how regularly the clothing business will evaluate financial reports to evaluate how the business are progressing in achieving your business goals.

Answer rating: 100% (QA)

41 Key Performance Indicators 1 Sales Conversion Rate This KPI measures the percentage of potential customers who make a purchase By tracking this met... View the full answer