Business Basics

?

What objectives are there to start a business:

1) The most important is to make a profit to survive. If it doesn't make a profit it will not be succesful.

2) Some will try to be the biggest in their market.

3) Others will try to provide the highest quality.

4) Some might aim to maximise sales or wealth creation.

5) Others may be more concernet with stability - Maintaining their market share or a reasonable income.

6) Some will focus on expanding the business.

7) Others include being: independent, satisfying customers, or trying to limit the environmental damage caused.

Some businesses have different priorities: 

1) For some, profit is not their main priority.

2) This is either because they are a 'non-for-profit' organisation (e.g. a…

Comments

No comments have yet been made