GNVQ Business unit 1:Investigating how businesses work [intermediate]
Title: GNVQ Business unit 1:Investigating how businesses work [intermediate]
Category: /Business & Economy
Details: Words: 2896 | Pages: 11 (approximately 235 words/page)
GNVQ Business unit 1:Investigating how businesses work [intermediate]
Category: /Business & Economy
Details: Words: 2896 | Pages: 11 (approximately 235 words/page)
task 1 <Tab/>TAims and objectives
Making a profit
It is very important for a business to make a profit because no business can survive for very long if it is not profitable. Small businesses need to make a profit because the owner will not be able to live or pay its creditors and large companies need to make a profit so that it can pay its shareholders
Providing goods to the
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need machinery and offices need fax machines, photocopiers and computers etc.
People
Most businesses require a variety of different staff to deliver the service or produce the goods. They need key staff such as managers who are responsible for a certain function, support staff who carry out a function such as clerical workers in the administration department, also some businesses may need specialists for example a university needs a specialist to teach an engineering course.