Business Objectives

Business Objectives

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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.
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Public and Private Sectors

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)

 

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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.
3 of 4

Public and Private Sectors

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)

 

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it helped me with objectives a bit but i also needed aims too.

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