Free Essay

Business Objectives and Managment

In: Business and Management

Submitted By roryhowe
Words 597
Pages 3
1. What is a social enterprise?

Social enterprises are private organisations that are run along business lines, but where any profits are reinvested into the community, or into social or environmental projects

2. How do the aims of a social enterprise differ from those of a PLC?

Examples of social enterprises include cooperatives, credit unions and housing associations. These businesses are run like any other commercial business however all profits earned by the business go back to the business to help achieve its social or environmental objectives. The aims of social enterprise are to achieve its social or environmental goals that have been set out. The aims of a plc are different in the sense that they have set out targets of which they need to achieve to make `money (profit) for the company.

3. What happens to the profits made by the Fifteen Foundation?

All profits generated by the restaurant go straight back into the scheme to help train other disadvantaged young people

4. Explain the difference between an aim and an objective.

A business aim is the goal set out for the business to achieve, the business objective is when the business will achieve the targets set out and how long it will take them to so.

5. Why might winning the “green crown” be likely to increase Dell’s sales?

Winning the green crown would be likely to increase Dell’s sales as it would mean that they have the most environmentally friendly products and people would want to buy the products which least effect the environment therefore increasing Dells’s sales

3. What impact would going green be likely to have on Dell’s costs?

Going green could affect Dell’s costs in different ways. It could raise their prices as the environmentally friendly products and materials could cost more to buy and manufacture. However it could also lower the costs as the recycled materials and environmentally friendly products could cost less than the non-environmentally friendly materials.

1. Explain the difference between a business aim and a business objective.

A business aim is the goal set out for the business to achieve, the business objective is when the business will achieve the targets set out and how long it will take them to so.

2. Explain how a firm such as Volkswagen would calculate profit.

To calculate the level of profit, Volkswagen will subtract the cost of producing cars from the revenue received from selling them. The case study above shows that Volkswagen increased profits by 40% in 2007 to reach a total of £4.7bn

3. What is the most likely short term objective for new businesses?

To survive as a brand new business and make good sums of money

4. How do the aims of public sector organisations differ from those of private sector organisations?

Businesses in the public sector are set up with the aim of providing a public service rather than with making a profit or increasing sales

5. How do the aims of a social enterprise differ from those of private sector firms?

Examples of social enterprises include cooperatives, credit unions and housing associations. These businesses are run like any other commercial business however all profits earned by the business go back to the business to help achieve its social or environmental objectives. The aims of social enterprise are to achieve its social or environmental goals that have been set o ut. The aims of a plc are different in the sense that they have set out targets of which they need to achieve to make `money (profit) for the company.

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