Unit 1: Business Structure

Question 1

State 5 main aims of a business.

Answer 1

1. Profit
2. Provide excellent customer service
3. To have a great image and reputation
4. To develop new products
5. To offer a diverse range of good and services

Question 2

What is the difference between a private enterprise and public enterprise business.

Answer 2

Private enterprise - Private enterpirse is businesses owned and controlled by private individuals.

Public enterprise - businesses owned and controlled by the government.