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A business trust is a commercial business organization run by a trustee or group of trustees. Their main purpose is for the trust to manage or administer the business for the benefit of non trustees or beneficiaries who hold an equal interest in that business.
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∙ 10y ago
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Why is trust important in a business?
Trust is important for a business. The reason for this is if you gain trust then there will be more customer satisfaction which, means they will recommend the business to other people. Also, this would make them come for a repeat purchase and they would also trust their purchase. Therefore, it is essential to gain trust.
State the main purpose of a business plan?
the main purpose of a business plan is to inform potential investor(s) what your business is, the start up cost, and
Milton Friedman the business of business is business?
I like the definition of the purpose of a business by Peter Drucker - "the purpose of a business is to create and keep a customer." This covers acquisition and retention, something that is overlooked by many businesses.
What is the primary purpose of business plan?
The purpose of a business plan is to identify, describe and analyze a business opportunity and/or a business already under way, examining its technical, economic and financial feasibility. I learned that and many other thing taking free business classes here: khabarbabal.online/file/NjA0ZGZjODEt
What do most business people think is the primary purpose of business?
to generate wealth
What is an Anti-trust law?
Law inteded to promote free competition in the marketplace by outlawing monopolies.In this context the term "trust" refers to a business alliance for the purpose of establishing a monopoly. So anti-trust legislation is anti-monoplistic, or pro-competition.
What is an anti trust law?
Law inteded to promote free competition in the marketplace by outlawing monopolies.In this context the term "trust" refers to a business alliance for the purpose of establishing a monopoly. So anti-trust legislation is anti-monoplistic, or pro-competition.
When was Young Americas Business Trust created?
Young Americas Business Trust was created in 1999.
Why is trust important in a business?
Trust is important for a business. The reason for this is if you gain trust then there will be more customer satisfaction which, means they will recommend the business to other people. Also, this would make them come for a repeat purchase and they would also trust their purchase. Therefore, it is essential to gain trust.
What is the purpose of better business bureaus?
The Better Business Bureau was established in 1912 to help consumers trust businesses. By agreeing to adhere to the bureau's ethical rules, the business is guaranteed to be a trustworthy place for customers to do business.
A business organization that sells shares of stock to investors is a?
it is a Trust.
What was the purpose of the Sherman Anti trust and clayton Anti Trust Acts?
the provent monopkt
Describe the purpose and types of business and administration support?
Describe the purpose and types of business and support?
What is the purpose of business money?
In the most simple of descriptions, the purpose of business money is ready capital that is set aside by a business only for company/business purposes. It is not the same as petty cash because this money has only a business related purpose.
What is the purpose of business drivers?
The purpose of business drivers is to allow the company to ensure someone for the sole purpose of operating a vehicle for their business. This protects the company from potential litigation risks.
What is the purpose of business to business advertising?
The purpose of business to business advertising is to advertise products that businesses might want to buy. An example of business to business advertising would be advertising copier machines.
What has the author David Hutchens written?
David Hutchens has written: 'A slice of trust' -- subject(s): Business ethics, Trust, Success in business
