Why businesses exist ?

?
Why do businesses exist ?
To provide goods or services to people that either want or need it.
1 of 6
What are the advantages of owning a business ?
• Mainly to make a profit •Some set up a business as they expect to make more than they could earn working as an employee • Some people want to be their own boss •Gives you the opportunity of doing something that you really want to do
2 of 6
Why do most businesses need to make a profit ?
• A buiness has to make a profit or break even to survive especially if it is in the private sector
3 of 6
Which businesses may not need to make a profit ?
• Non-profitable businesses like charitites •
4 of 6
What other aims besides making a profit can a business have ?
• Have the highest quality of products • Give excellent customer service •Develop new products •Be sustainable •Have a good reputation and image
5 of 6
What aims do non-profitable businesses have ?
• Social • Ethical aims
6 of 6

Other cards in this set

Card 2

Front

What are the advantages of owning a business ?

Back

• Mainly to make a profit •Some set up a business as they expect to make more than they could earn working as an employee • Some people want to be their own boss •Gives you the opportunity of doing something that you really want to do

Card 3

Front

Why do most businesses need to make a profit ?

Back

Preview of the front of card 3

Card 4

Front

Which businesses may not need to make a profit ?

Back

Preview of the front of card 4

Card 5

Front

What other aims besides making a profit can a business have ?

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Business resources:

See all Business resources »See all What is a business? resources »