Business Management: The Nature of Business Activity.

Q1. handicraft organisations ar of great importance for both compact and the individual. A good way of showing their importance is the transaction Cycle below. Organisations exist to provide Goods and services. Business organisations are in that respect to satisfy consumers and in satisfying these consumers they are providing resources i.e. wages/salary. In order to apply on self-madely they have to produce new engage by developing new products and marketing. wholly the while these organisations are providing goods and services for the consumer market, they are also providing traffic for the habitual public. As distant as society is concerned, successful businesses contribute to the economic riches of the country every(prenominal)owing steady growth. They butt end also increase the mightiness of the country within the European and World Trade Market. use is reduced and living standards are increased. All in every there is a general increase in using up withi n the economy. in force(p) To the public sector, taxes are also plow back into society, which in turn improves standards of living. So as you can see, without Business Organisations to ply for all the demands of the billions of consumers across the globe, the Western World as we cognise it would be nothing like it is today, perhaps it would quieten be somewhat primitive. Q2.

As quoted in the Oxford Dictionary an enterpriser is mortal who exacts money by starting new businesses. I on the other hand will delve into it a modest deeper giving an insight into their role within a business. inwardly the private sector, business organisations are owned and controlled by individuals or gr oups of individuals, who are often referred ! to as entrepreneurs. These entrepreneurs bring unitedly all the necessities required to run a business. Their main accusative is to make profit over the coarse of each year. broadly oration speaking, entrepreneurs are... If you want to get a full essay, order it on our website: OrderEssay.net

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