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What is the primary task of business management?

Business management is primarily focused on finding the best ways on how enterprise (use of resources and profit accumulation can achieve the highest possible output (profit) with the least possible input (expenses). In more simple words it is meant to minimize expenses and maximise profits. References: Unisa Introduction to Business Management MNB101D tutorial letter 101.


Can a for-profit business operate under the umbrella of a non-profit How do I go about doing this Can I receive grants if I am for-profit acting as non-profit under this umbrella?

I'm a for profit organization for charity acting as a non profit. What are the benefits considering that this is a charity organization with volunteers including myself. I chose to avoid 501(c)(3) to bypass govt. regulations. I am Inc. I simply want to know if this is a safe way to go. Susan


Why is profit requirement of business?

If a business is not making a profit then they are losing money if this continues a business will reach a point in which it will have no money and declare bankruptcy.


How can the business show a profit and yet be overdrawn at the bank?

A business' profit is absolutely unrelated to its bank balance.


What is it called when money left after a business pays expenses?

The money left after a business pays its expenses is called profit. This can further be categorized into gross profit, operating profit, and net profit, depending on the specific deductions considered. Profit is a key indicator of a business's financial health and performance.

Related Questions

What are one of the drawbacks of starting your own business?

Over 50 percent fail the first year, most don't make a profit...


What are the possible causes fo retained earnings?

only PROFIT WHICH IS RETAINED IN THE BUSINESS


Is profit the only business of business?

profit is not a business of business .But the business runs with a small inception of profit


Why is profit important for a business?

profit is important for a business because without profit there is no business. they need to generate profit to keep the business alive. profit well help the move up the business ladder to become a more successful business !


Why profit is needed to business?

why is profit requirment for a business?


What is the mission statement of timex?

for the profit business the vision is to enhance the possible outcome with the relevant whereas the mission statement would be how to overcome the busniess issues in dealinfg with the profit or how to motivate to get the maximum profit


What are the irrelevance of profit to a business organization?

There is mention of relevance of profit in regard to a business organization, but no mention of irrelevance of profit in business.


What are 3 motivations of a business?

Profit, profit and profit.


Is apple a profit or non-profit business?

profit.


The importance of profit to a business like HMV?

the importance of profit to a business?


Some have argued that the objective of a business organization is to just make profit?

The statement is true (with the exception of the word just) because without a profit, a business does not exist. If the business is making a profit, then other things can also be an objective of the business, such as jobs for people, a source of revenue for the community from the business and its employees being consumers of local goods and services, tax revenue derived from the business and its employees, and any number of other benefits. But if the company does not make a profit, none of the other objectives are possible.


What are the objectives mission and vision statement of timex?

for the profit business the vision is to enhance the possible outcome with the relevant whereas the mission statement would be how to overcome the busniess issues in dealinfg with the profit or how to motivate to get the maximum profit