Coursework.Info - Inspiration in an Instant

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Why Businesses Exist A business gets started when somebody decide that they can earn a profit by making a good or providing a service and selling it to people who are willing to pay for it. All Businesses have the same Main Objective An objective is anything that the business wants to achieve. The most important objective is to make a profit in order to survive. If a business does not make a profit it will go bankrupt and have to closedown. The Public Sector Owned by the Government: Army, Police, Schools and Hospitals. These are benefits for everyone. The Private Sector Owned by Private Individuals. Of Benefit to the people who own them. Key Terms Entrepreneurship: means being prepared to take risks and having the flair and skills needed to set up and run a business or other organization. Sole Owner: is an individual who runs a business and is personally responsible for any losses incurred. A Limited Company:...

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