the objectives of business? Every business enterprise has certain objectives which regulate and generate its activities. Objectives are needed in every area where performance and results directly affect survival and prosperity of a business. Various objectives of business may be classified into four broad categories as follows: 1. Economic Objectives: Business is basically an economic activity. Therefore‚ its primary objectives are economic in nature. The main economic objectives of business are
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it is the objective of the Nursing Home to provide care to all service users to a standard of excellence which embraces fundamental principles of good care practice‚ and that this may be witnessed and evaluated through practice‚ conduct and control of quality care in the home. It is a fundamental ethos that those service users who live in the home should be able to do so in accordance with the homes Statement of Values. It is the objective of the home that all service users shall live in a clean
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Economic Objectives Business is basically an economic activity‚ its primary objectives are economic. The economic objectives of a business are to earn sufficient profit to give reasonable reward to the investors of capital and to provide funds for expansion and diversification. The main economic objective of business may be described as under: (a) Earning Profit: Business activity is undertaken for earning profit. Profit is the basic incentive to business pursuits. It is the most important objective
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Business Information and the Management of Organisations 1. Bayerische Motoren Werke‚ more commonly known as BMW is a German car and motorcycle manufacture founded in 1916‚ with profits of €324 million in 2008. BMW are renowned for its high quality cars and modern designs which sees them as one of the leading car manufactures in the world. [1] (http://www.bmwgroup.com/annualreport2008/) Above is a chart published by BMW‚ which shows the net profit for the year 2004 -2008 in euro millions
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Objectives of Business means the purpose for which the business is established. It is generally believed that the main objective of business is ta make profit and avoid loss. We do admit that profit is a driving force in undertaking any business activity but it is not the sole objective of any business. In the words of Urwick “earning of profit cannot be objective of a business any more than eating is the objective of living” . A business which is hunting after profits and ignores other objectives
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1.1 Definition‚ Scope and importance of Environmental Studies Environmental Studies is a multidisciplinary subject. It employs subjects like chemistry‚ physics‚ botany‚ zoology‚ physiology‚ geography‚ geology‚ geophysics‚ and metrology to describe the biological and physical nature of our environment. In order to understand how people function separately and also in a group‚ Environmental Studies involves an understanding of philosophy‚ ethics‚ psychology‚ anthropology‚ demography‚ archaeology
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BMW Read the case‚ and consider the following questions: 1. What main trends are identifiable in the business environment in general and in the automobile market in particular in 2004? • Equity prices had fallen until late in 2003: this‚ coupled with geopolitical tensions and concerns about oil supplies‚ add to the uncertainty about the economic and political environments • From the mid 1990s automobile producers strove to improve engineering adn quality of vehicles as a
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Business objectives are the ends that an organisation sets out to achieve. A business creates plans to enable it to achieve these ends. The objectives‚ and plans that an organisation creates are determined by balancing the requirements of the various stakeholders in the organisation. The stakeholders are those individuals and groups that are affected by and have an interest in how the business is run and what it achieves. Every business has a range of stakeholders‚ including: The objectives that
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P2) When a business first starts trading it has few loyal customers and no reputation. The most likely objective for a start up business is simply survival. As the business grows and begins to win market share‚ the aim may shift towards expansion and increasing profits. Without aims and objectives there is no meaning to the business. The objective of both things to make business work even better than what it would normally do. An aim - Where the business wants to go in the future and its goals
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Marriott’s aims and objectives introduction Marriot is an international brand however the purpose of this controlled assessment‚ they will be my local business known as London Heathrow Marriott-LHM. Marriott is currently a private limited company (PLC) and has two other private investors as owners of the company. The Marriott hotel was founded in 1993 and is located in Harlington‚ Hayes. Currently its labour turnover for the month of September (2010) is an increase of 10.1%. Marriott acquires
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