The Purpose of Business Activities

The purpose of business activities(prep atomic number 18d by Lincoln Henry) Business is the payoff of goods or provision of service with the aim of making a profit. Production is the process of transferring raw materials into semi run through of finish goods. Provision making something available. Good is a tangible gunpoint that one advise see, touch and that is portable. Service is intangible, it is something that one can experience and enjoy. Profit profit is cost of production subtraction sales. Businesses exist because people have needs and wants. Needs a need is something that is necessary /essential for survival e.g. food, clothing and shelter. They are basic needs. Wants a want is something that we desire in direct to improve our quality of life or make our lives more comfortable e.g. fridge to keep our drinks cool. Objectives of business Objectives are the ends that a person or organization sets out(p) to achieve. Objectives need to be S particularised that is to the point. M Measurable either quantitative or qualitative e.g. 1, 2, 3. A attainable must be capable of achieving. R relevant must be related to the subject matter T Time bound must be completed in a certain time. Objective of a business. Profit maximization.

naked as a jaybird cost - one of the main ways is by reduction the number of employees. One way of reducing labour is by outsourcing some of the work or paying a narrow firm to do it. Satisfying customers they try to find out what customers want to satisfy their wants so that they become regular, loyal customers. enlarge grocery store partake is the percentage of total market that a product or a order holds. Calculating market theatrical role market 6 billion, company A 750 million, company B 300 million. Company A market share = 750/6 billion x 100 = 12.5%. Market share is one of the best measures of success. Expanding the business. The size of the company can be measure by turnover,... If you want to get a proficient essay, order it on our website: Ordercustompaper.com

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