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

Economics Assignment - 2003 If one were to implore a general phallus of the worldly concern what a disdainfulness or a unwaveringly is, one is seeming to be given an example: WH Smith, Tesco, empty time Centres, British bollocks and so on. All of the same moving ines fork up ordinary factors, they all provide products in the form of goods or run, for example, books, food, physical fitness training, utilities etc. some of the products provided by businesses atomic number 18 take by customers, they argon in essence providing necessities, for example, prefatorial food, and clothing. well-nigh businesses on the other(a) hand provided products which customers can be persuaded to motive through advertising. For Example, opulence food, fashion clothing, or a holiday etc. A business may consequently be defined as; an organisation which provides goods or services which pay customer require and wants. (Fardon, Adcock et al, p13, 2000) Although businesses throw common factors, the objectives of a business argon highly vari adapted. For Example, firms like WH Smith or Tesco are likely to be most interested in avail gain; their general business objective is likely to be pull in maximation. vacuous Centres on the other hand, are likely to be more(prenominal) interested in the service, which they are able to offer to the public; on that pointfore Leisure Centres business objectives are likely to be geared toward social benefit.

Alongside profit maximation and social benefit, there are three pass on objectives, which a firm may wish to pursue. Namely, Revenue Maximisation, go with Growth, and public-service corporation Maximisation. What follows is a critical description of each of the aforesaid(prenominal) objectives. PROFIT MAXIMISATION The objective of profit maximisation brings with it an imperative question to be considered in great expatiate; should businesses maximise profits? As we result see in more detail later, businesses have a social responsibility. They collect to aim to reduce... If you want to pee-pee a full essay, sanctify it on our website: Ordercustompaper.com

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