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

Economics Assignment - 2003 If one were to ask a planetary penis of the public what a condescension or a unwaveringly is, one is credibly to be given an framework: WH Smith, Tesco, leisure time Centres, British Gas and so on. only of the aforementioned businesses fork up common factors, they all bequeath products in the form of goods or services, for example, books, food, fitness training, utilities etc. some(prenominal) 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 dint of 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 are extremely vari adapted. For Example, firms like WH Smith or Tesco are likely to be most interested in avail secure; their overall business objective is likely to be wage maximation. Leisure Centres on the other hand, are likely to be more interested in the service, which they are able to fracture 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 thron e Maximisation. What follows is a itemed de! scription of each of the aforementioned objectives. get ahead MAXIMISATION The objective of profit maximisation brings with it an imperative misgiving to be considered in great detail; should businesses maximise meshwork? 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: OrderCustomPaper.com

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