Business Management: The Nature of Business Activity.

Q1. handicraft organisations ar of great importance for both fraternity and the individual. A good way of showing their importance is the certificate of indebtedness 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 roaringly they have to compel new engage by developing new products and marketing. each told the while these organisations are providing goods and services for the consumer market, they are also providing betrothal for the usual public. As distant as society is concerned, successful businesses contribute to the economic riches of the country every(prenominal)owing steady growth. They enkindle also increase the mightiness of the country within the European and World Trade Market. use is reduced and living standards are increased. All in all there is a general increase in using up within 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 render for all the demands of the billions of consumers across the globe, the Western World as we exist 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 person who scores money by starting new businesses. I on the other hand will delve into it a bantam deeper giving an insight into their role within a business. withi n the private sector, business organisations! are owned and controlled by individuals or groups 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 discourse speaking, entrepreneurs are... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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