Analysis and assessment of the profitability and cost effectiveness of the organization in order to improve efficiency

In the modern world, one of the most important criteria for assessing the success and effectiveness of entrepreneurial activity is the amount of profit and the level of profitability. High income is the main interest of the owner and the ultimate goal of the business. The process of profit formation is quite complex, since the amount of profit is influenced by many factors. Profit and profitability depend on production, marketing, investment and financial activities; this is due to the fact that these indicators affect all aspects of economic activity. However, without competent management and a team of specialists, the business cannot develop independently. Only an experienced manager will be able to achieve high performance and promote the company to a new level.