nature and purpose of business'

Question 1

how do business’ benefit a country

Answer 1

-pays taxes
-provides jobs
-creating products / providing services that improves people’s lifestyles

Question 2

B2C

Answer 2

business’ that sell directly to consumer

Question 3

B2B

Answer 3

business’ that sell directly to another business

Question 4

common business objectives

Answer 4

-survival (new business’)
-growth
-profit
-social/ethical

Question 5

what are functional objectives

Answer 5

-quantifiable and SMART objectives within different business functions/departments e.g. marketing department wants to achieve 15% more sales in the next 6 months

Question 6

what are corprate objectives

Answer 6

quantifiable and SMART objectives that encourage functional objectives