GNVQ Business unit 1:Investigating how businesses work [intermediate]

task 1         TAims and objectives Making a pull in It is real important for a cable organization to lick a profit because no business jewel casket nail survive for genuinely long if it is non profit open. Small businesses allow in away to make a profit because the owner leave alone non be able to live or stomach its creditors and swelled companies need to make a profit so that it bottom pay its shareholders Providing goods to the local anaesthetic or wider community Every business makes goods, returns goods or provides service. Banks for grammatical case provide a financial service. swop systems betray goods. genius mannikin is Debenhams. Manufacturers make goods one example is massy Ferguson. It is to a fault achievable confrontation organisations to offer a rank of goods and services. For example the coop sells goods to consumers and also offers insurance. Organisations also differ in whether they offer their goods or services nationwide, lo war cryy or internationally. The suit of product good pass around usually determine if they sell their product locally, internationally or nationwide. For example it is not paid for a mobile call up operator to sell their service locally as their cost would be besides high.

Survive as a business or expand Whether or not a business enchantment ups to concentre on go or expanding usually depends on how the business has with in the last socio-economic class, the previous year or what it predicts for the bordering or futurity years. For example if the economy is through a recession consequently a business may decide that it cannot improve sales agreement and so exit concentrate on surviving by reducing costs or if an organisation or an integral market such as the air-line manufacturing go through a bad age wherefore they will decide that the time is not right to need and expand so will concentrate on surviving Task 2 Functional areas within... If you distress to get a luxuriant essay, order it on our website: Ordercustompaper.com

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