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What are the three primary functions that exist in most business organizations?
Wiki User
∙ 12y ago
Operations, Marketing and finance
Wiki User
∙ 12y ago
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What is the business organizations is most likely to exist after the death of the founder?
A sustainable one
What type of business organizations is most likely to exist after the death of the founder?
they are soletrader businesses which involes in unlimited liabilites and it involes in only one person when the founder dies the business also declines.
What is the difference between trading and non-trading organizations?
The difference between trading and non-trading organizations lies in their primary activities and objectives: Trading Organizations: Primary Activity: Trading organizations primarily engage in buying and selling goods or services for the purpose of generating profit. These goods or services can vary widely depending on the nature of the business, ranging from physical products like consumer goods or commodities to intangible services like consulting or software development. Revenue Generation: Revenue for trading organizations is primarily derived from the markup or margin on the goods or services they sell. They aim to buy low and sell high to generate profits. Examples: Retailers, wholesalers, manufacturers, distributors, importers, exporters, and e-commerce companies are examples of trading organizations. Non-Trading Organizations: Primary Activity: Non-trading organizations, also known as non-profit organizations or not-for-profit organizations, are entities that do not aim to generate profits for distribution to owners or shareholders. Instead, they typically have social, charitable, educational, religious, or other altruistic objectives. Revenue Generation: While non-trading organizations may generate revenue through various activities such as donations, grants, membership fees, or program fees, any surplus funds are reinvested into furthering their mission rather than distributed to owners or shareholders. Examples: Charities, foundations, religious institutions, educational institutions, healthcare organizations, and government agencies are examples of non-trading organizations. In summary, trading organizations focus on buying and selling goods or services to generate profits, while non-trading organizations operate with a mission-driven focus and reinvest any surplus funds to further their social, charitable, or other non-profit objectives.
What is meant by no business exist in isolation?
To be able to do business, you need someone to business with. And if youre isolated, you don't have that.
What is an example of a not for profit organization?
AnswerNot for profit organizations are those that do not exist for profit. Examples are churches and the Red Cross.
What is the primary reason for a business to exist?
what primary reason that businesses st
What is the business organizations is most likely to exist after the death of the founder?
A sustainable one
Is profit making the primary goal of any business enterprise and why?
Yes, profit making is the primary goal of business. It is the reason businesses exist. If they don't make a profit, they will not survive.
What is the ultimate goal of a company?
The primary aim is to make a profit. No business would exist without it.
Why does the navy go out to sea?
That is where their primary functions exist: the protection of shipping and maritime interests, and the defense of the country from seaborne threats.
What type of business organizations is most likely to exist after the death of the founder?
they are soletrader businesses which involes in unlimited liabilites and it involes in only one person when the founder dies the business also declines.
Why do organizations exist?
Because God made it.
What business organizations is most likely to exist after the death of the founder?
A business organization that is most likely to exist after the death of the founder is a corporation. Unlike other types of business structures, such as sole proprietorship or partnership, corporations have a separate legal entity that can exist beyond the lifetime of its owners. This allows for the seamless transfer of ownership and continuity of business operations. Additionally, corporations can also raise capital through the sale of stocks, further ensuring their longevity.
List and explain reasons why business exist?
business exist to produce a service
What happens to a business if they don't have a business policy?
Policies specify a business organizations response to a situation as a plan in guiding a decision.Policies exist at all levels in the business organisation related to its structural & functional aspects.It is derived from the objectives of the business organisation. Without a policy a business will operate in an anarchic/arbitrary way with no guidelines or objectives at any level of the business organisation.
What date functions exist in SQL?
The date functions that exist in SQL are "NOW()", "CURDATE()", "CURTIME()", "DATE()", "EXTRACT()", "DATEDIFF()", "GETDATE()", "DATEPART()", and "CONVERT()".
Importance of customers?
Most organizations or businesses exist because of customers, and for customers. Customers support the organization financially. Good customer service is important because the service received is a reflection of the business.
