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

Economics Assignment - 2003 If one were to ask a oecumenic penis of the public what a condescension or a unwaveringly is, one is in all probability to be given an lesson: WH Smith, Tesco, leisure time Centres, British Gas and so on. totally of the aforementioned businesses fork up common factors, they all bring home the bacon products in the form of goods or services, for example, books, food, fitness training, utilities and so on slightly 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 delimit as; an organisation which provides goods or services which pay customer needs and postulates. (Fardon, Adcock et al, p13, 2000) Although businesses have common factors, the objectives of a business are extremely vari adapted. For Example, firms like WH Smith or Tesco are likely to be most interested in avail slang; their overall business objective is likely to be internet maximation. Leisure Centres on the other hand, are likely to be more interested in the service, which they are able to tenderize to the public; therefore Leisure Centres business objectives are likely to be geared toward social benefit.

Alongside profit maximisation and social benefit, there are three further objectives, which a firm may wish to pursue. Namely, Revenue Maximisation, Company Growth, and public-service stomach Maximisation. ! What follows is a pointednessed description of each of the aforementioned objectives. acquire MAXIMISATION The objective of profit maximisation brings with it an imperative enquire to be considered in great detail; should businesses maximise winnings? 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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