Final answer:
Company success is multi-faceted, often emphasized by customer retention, superior hiring practices, and competitive product quality and pricing. These elements contribute to higher profits and enhanced employee satisfaction, both indicative of a thriving business.
Step-by-step explanation:
A company's success can be defined in various ways, but key aspects often include factors such as customer retention, hiring practices, and the quality and pricing of products offered. Businesses that focus on retaining customers typically offer better or less expensive products, which leads to increased profits and higher income for their employees. Additionally, companies that specialize in effective hiring practices tend to have a more stable and engaged workforce, with fewer firings and more hirings relative to their size. This contributes to overall success because a company with satisfied and well-compensated employees is more likely to have high job and organizational satisfaction, leading to better performance. The retention of employees and the ability to attract new talent are vital indicators of a company's health and prospects for future success.