Contribution of Businesses

Question 1

Economic Contributions

Answer 1

• Financial
• Provision of Needs
• Research and Development

Question 2

Social Contributions

Answer 2

• Social Wellbeing

- Corporate Social Responsibility

Question 3

Financial

Answer 3

A business will create employment for people and pay taxation that can be used for things like health and education.

Question 4

Provision of Needs

Answer 4

A business will provide goods and services that we need to survive. Examples include farmers that produce the food that we need to survive, The goods and services that a business produces can also be exported to reduce the level of overseas debt. An example of an export is the sale of Australian mangoes to overseas.

Question 5

Research and Development

Answer 5

Businesses will look for ways to improve thigns that can assist in creating a better quality of life for people.

Question 6

Social Wellbeing

Answer 6

By providing people with employment they will feel valued and have a source of income to improve their quality of life. This means that Australian health care costs should fall.

Question 7

CRS

Answer 7

When a business operates it should consider its impact on staff, the environment and the wider community in its decision making to have a positive impact.

Question 8

What to Write on SAC?

Answer 8

Economic: Improves the economic wellbeing of the nation by creating employment for people and pay taxes that can be used for things like health and education for the nation.

or by producing goods and services that are needs.

Social: Improves social wellbeing of the newly employed people as they will feel valued, so their mental health and quality of life will improve. The Australian healthcare costs will also drop because of this.