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Exam (elaborations)

1.1 the role of the business enterprise and entrepreneur-Questions and Answers Graded A+
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14

April 2024

2023/2024

A+
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1.1 the role of the business enterprise and entrepreneur-Questions and Answers Graded A+ Why do businesses exist? - ANSWER-to satisfy the needs and wants of customers -provides goods and services at reasonable prices (hopefully they get profit in return) What is an enterprise? - ANSWER--enterprise is seeing an opportunity to provide a product or a service that people are willing to buy. What is meant by spotting an opportunity - ANSWER--people providing a product or a service that they...
EricMatt
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Exam (elaborations)

Chapter 5 : Business Objectives and Stakeholders Objectives-Questions and Answers Graded A+
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49

April 2024

2023/2024

A+
Available in bundle
Chapter 5 : Business Objectives and Stakeholders Objectives-Questions and Answers Graded A+ What are business objectives ? - ANSWER-Business Objectives are the aims or targets that a business works towards. Benefits of setting objectives : - ANSWER-- give workers and managers a clear target to work towards and this helps motivate people - decision will be focused - Clear and measurable objectives help unite the whole business - Compare how business has performed with their objectives....
EricMatt
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Exam (elaborations)

Business Management [IB] 1.1 Key Terms-Questions and Answers Graded A+
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41

April 2024

2023/2024

A+
Available in bundle
Business Management [IB] 1.1 Key Terms-Questions and Answers Graded A+ Business - ANSWER-A decision making organization involved in the process of using inputs to produce products. Inputs are the resources that business uses in the production process like labour and raw materials. Capital goods (Producer goods) - ANSWER-Are physical products bought by businesses to produce other goods and/or services. Examples including machinery or tools. Needs & Wants - ANSWER-Needs are the basic e...
EricMatt
$9.49 More Info