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![MNG3701 - CHAPTER 1 ASSIGNMENT SEMESTER 1](/docpics/5074058/662663a70e148_5074058_121_171.jpeg)
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MNG3701 - CHAPTER 1 ASSIGNMENT SEMESTER 1
- Exam (elaborations) • 5 pages • 2024
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Purpose of Business Organization – 
 * To the Entrepreneur it is the profit he makes from his business 
* To the consumer it is the value of the service or product 
* To employees it is their salary/wage earned 
* To an organization it can be selling shares to shareholders 
 
Stakeholders - Any person or group of people that have (or claim to have) an interest in an organization and its activities. 
 
Stakeholder Expectations – 
* Customers - quality products and good service 
* Suppliers -...
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