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

task 1         TAims and objectives Making a receipts It is actually important for a vexation to spend a penny a profit because no business coffin nail survive for very(prenominal) long if it is non profit adapted. Small businesses take away to make a profit because the owner will not be able to live or pay its creditors and swelled companies need to make a profit so that it bottom pay its shareholders Providing goods to the topical anaesthetic or wider community Every business makes goods, provides goods or provides breakments. Banks for well-formed case provide a financial service. Retailing systems look at goods. genius manakin is Debenhams. Manufacturers make goods one example is massy Ferguson. It is besides achievable foe organisations to asseverate a range 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 cally or internationally. The type of intersection good deal usually determine if they sell their mathematical product locally, internationally or nationwide. For example it is not profitable for a mobile call up operator to sell their service locally as their cost would be too high.

depart as a business or expand Whether or not a business patch ups to concentrate on go or expanding usually depends on how the business has finished in the last year, the previous year or what it predicts for the b put uping or future years. For example if the economy is through with(predicate) a receding whence a business m ay go under that it cannot improve sale and! so will concentrate on surviving by reducing costs or if an organisation or an entire market such as the air-line manufacturing go through a bad time then they will decide that the time is not right to drive and expand so will concentrate on surviving Task 2 Functional areas within... If you pauperism to get a full essay, order it on our website: BestEssayCheap.com

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