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Business Management: The Nature of Business Activity.
Title: Business Management: The Nature of Business Activity.
Category: Science & Technology / Physics
Details: Words: 2711 | Pages: 11.5 (approximately 235 words/page)
Business Management: The Nature of Business Activity.
Q1. Business organisations are of great importance for both society and the individual. A good way of showing their importance is the Business Cycle below.
Organisations exist to provide
Goods and services.
Business organisations are there to satisfy consumers and in satisfying these consumers they are providing resources i.e. wages/salary. In order to carry on successfully they have to create new demand by developing new products and marketing. All the while these organisations …showed first 75 words of 2711 total…
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…showed last 75 words of 2711 total…b). Below are possible objectives for each of the different types of business.
*Sole Trader: - To make a profit.
Achieving a stable working environment.
*Partnership: - To make a profit
Ensuring survival in the marketplace.
*Public Limited Company: - To make a profit.
Expanding the business.
*Private Limited Company: - To make a profit.
Expanding the business.
*Co-operative: - To make surplus.
To protect themselves from unfair and dishonest trade practices and ensure their needs as consumers are satisfied.
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