3.1 - What is Business? Flashcards
1
Q
What are three reasons businesses exist?
A
To provide goods or services
To make a profit
To create and sustain the employment of people
2
Q
What is a business mission?
A
The mission of a business is the end goal and overall reason for existence
3
Q
What is a business objective?
A
Smaller aims within a business that bring the company closer to completing the mission
4
Q
What are three examples of business objectives?
A
Increase staff motivation
Increase revenue
Decrease staff motivation
