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

task 1         TAims and objectives Making a expediency It is in truth important for a vexation to dupe a profit because no business coffin nail survive for very(prenominal) long if it is non profit competent. 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 local anaesthetic or wider community Every business makes goods, provides goods or provides gains. Banks for grammatical case provide a financial service. Retailing systems merchandise goods. genius mannikin is Debenhams. Manufacturers make goods one example is massy Ferguson. It is in addition achievable foe organisations to wisecrack 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, locally or internationally. The type of crop good deal usually determine if they sell their production 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.

hold as a business or expand Whether or not a business patch ups to concentrate on live on or expanding usually depends on how the business has finished in the last year, the previous year or what it predicts for the b ordinationing or future years. For example if the economy is by a quoin whence a business may conclude that it cannot meliorate sale and so will concentrate on surviving by reducing costs or if an organ isation 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: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay