purpose of businesses

purpose of businesses

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What is the purpose of a Business?
The purpose of the business is to sale things in a good price and
attempt to produce a good profit out of it.
Which by that there will be more other jobs
for people.
The business we have is to carry on with
making profits and to sell more good things
and food that we need every day. That
way shops will have more costumers on there shops e.g. Tesco
they supply everyday good things in shop, even in online they
have for shopper and they provide a home delivery service.
What price to charge?
Businesses provide a good things but they must
decide how much to charge and they must decide
carefully because they might not make a profit.
Some business to make a profit they double or
increase the money like one pack of sausage cost
£1 when they brought it but they set it above the level by £2 or
£1.50 to make a profit.
In free some businesses provide for others like essential good,
health care, road maintenance, social services, education and
the emergency service.
Amar Gurung

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At cost they provide the same cost they paid it for without
making any profit. A group of local people may aim for the
attraction by selling it for cheap to be attracted.
The price charged is less than the cost to supply item. Example
NHS, expensive drugs, bus passes for the children and others. It
is done so that everyone can buy.
Limited and Unlimited
A limited company is incorporated and has special status in the
eyes of the law.…read more

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Paperwork is not needed, so it's easy to set up.
Disadvantages of the business are that:
It is unlimited liability which the owner have to pay the losses
from there own pocket.
Responsible for all the taxes.
Partnership is owned and run by you and your partner or
more. Example: Doctors, dentists and solicitors
are typical examples of professionals who may
go into partnership together and can benefit from
shared expertise. (From Bitesize).
Advantages of the business:
Sharing the profit only between each other.…read more

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Can get money by selling shares
Members liability is limited
Disadvantages of the company are:
The company cannot offer its shares to the general public.
The account of the company is less secrets
A legal paper to deal with before starting the company and more
expensive to set up
Public limited companies are the biggest private
company in U.K. This business sells there share to the public in
the stock market like Tesco.…read more

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Micro: Less than £1.6m turnover and 10 employees
Small: £8m turnover and 50 employees
Medium: £40m turnover and 250 employees
Large: £40m turnover and 250 employees
Number of employees and size
Small 1-99
Medium 100-249
Large 250+
The scale of a business is related to the size of its operation,
rather than its physical size.
Local is usually small, which only cater for the local
community (e.g. Takeaways)
Regional is also a small business which serves in a wider
area. (e.g.…read more

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Amar Gurung…read more


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