GNVQ Business unit 1:Investigating how businesses work [intermediate]

task 1 <Tab/>TAims and objectives Making a profit It is very important for a business to make a profit because no business can survive for very long if it is not profitable. Small businesses need to make a profit because the owner will not be able to live or pay its creditors and large companies need to make a profit so that it can pay its shareholders Providing goods to the …

…need machinery and offices need fax machines, photocopiers and computers etc. People Most businesses require a variety of different staff to deliver the service or produce the goods. They need key staff such as managers who are responsible for a certain function, support staff who carry out a function such as clerical workers in the administration department, also some businesses may need specialists for example a university needs a specialist to teach an engineering course.