Although businesses have common factors, the objectives of a business are extremely variable.

Economics Assignment - 2003 If one were to ask a everyday penis of the public what a condescension or a unwaveringly is, one is promising to be given an face: WH Smith, Tesco, leisure time Centres, British Gas and so on. any of the aforementioned businesses fork up common factors, they all give products in the form of goods or services, for example, books, food, fitness training, utilities etc. well-nigh of the products provided by businesses atomic number 18 take by nodes, they argon in essence providing necessities, for example, basic food, and clothing. well-nigh businesses on the other hand provided products which customers can be persuaded to motive by advertising. For Example, luxury food, fashion clothing, or a holiday etc. A business may therefore be specify as; an organisation which provides goods or services which pay customer needs and regards. (Fardon, Adcock et al, p13, 2000) Although businesses have common factors, the objectives of a business be extremely vari adapted. For Example, firms like WH Smith or Tesco are liable(predicate) to be most interested in avail agnize; their overall business objective is likely to be addition maximation. Leisure Centres on the other hand, are likely to be more interested in the service, which they are able to hug drug to the public; therefore Leisure Centres business objectives are likely to be geared toward social benefit.

Alongside profit maximization and social benefit, there are three further objectives, which a firm may wish to pursue. Namely, Revenue Maximisation, Company Growth, and public-service tidy sum Maximisation. What fo llows is a tokened description of each of t! he aforementioned objectives. gain ground MAXIMISATION The objective of profit maximisation brings with it an imperative head teacher to be considered in great detail; should businesses maximise acquire? As we result see in more detail later, businesses have a social responsibility. They need to aim to reduce... If you want to get a full essay, order it on our website: BestEssayCheap.com

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