Why businesses exist

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  • Why businesses exist
    • not-for-profit
      • charity
      • public sector
      • Earn income to cover the cost and surplus is put back into the business
    • more than profit (social enterprise)
      • achieve social objectives
      • use the profit to benefit society
    • main objectives
      • profit
      • highest quality product
      • stability and reasonable incomes
      • satisfy cusomers
    • Reasons to set up businesses
      • Financial
      • personal
        • independence
        • can't find a job
        • desire to put ideas into practice
      • help others

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