Business Objectives

Why do businesses exist?

• Mainly to make a profit
• Provide a good service (Mostly companies in the public sector)
• Growth/Expansion

What are stakeholders?

• Stakeholders are any people or groups of people who have a interest in the business, they can often be outside the business itself.

Why are stakeholders important?

• The main reason is that the stakeholders or the shareholders can sack the directors and sell the business to someone else.

The Public Sector: 

• The public sector includes everything that is owned by the government.
• This is things like the army, the police force and most schools and hospitals.
• Public means that they are owned by the government for the benefit for everyone.

The Private Sector:

• The private sector contains all the businesses owned by private individuals.
• Almost all businesses are in the private sector, This includes businesses such as, Argos, KFC, Nike, Adidas and Ford etc.
• Private means that these businesses are run for the benefit of the people who own them. (To make a profit)

Why do businesses exist?

• Mainly to make a profit
• Provide a good service (Mostly companies in the public sector)
• Growth/Expansion

What are stakeholders?

• Stakeholders are any people or groups of people who have a interest in the business, they can often be outside the business itself.

Why are stakeholders important?

• The main reason is that the stakeholders or the shareholders can sack the directors and sell the business to someone else.

The Public Sector: 

• The public sector includes everything that is owned by the government.
• This is things like the army, the police force and most schools and hospitals.
• Public means that they are owned by the government for the benefit for everyone.

The Private Sector:

• The private sector contains all the businesses owned by private individuals.
• Almost all businesses are in the private sector, This includes businesses such as, Argos, KFC, Nike, Adidas and Ford etc.
• Private means that these businesses are run for the benefit of the people who own them. (To make a profit)