What are the 4 classic techniques for measuring business performance?

The four classic techniques for measuring business performance are financial ratiOS, benchmarking, balanced scorecards, and key performance indicators (KPIs). Financial ratiOS assess profitability, liquidity, and solvency, providing insights into financial health. Benchmarking compares performance against industry standards or competitors to identify areas for improvement. Balanced scorecards and KPIs help organizations track strategic objectives and operational efficiency through quantifiable metrics.