Why Businesses Exist (AQA A-Level Business): Flashcards

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Why Businesses Exist
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Profit definition

Making more money than is spent

Public services examples

NHS, police forces, fire services

Enterprise definition

Taking initiative to start a new business venture

Charity definition

Not-for-profit org providing help & support to others

Mission statement definition

Formal declaration of a business's core purpose & focus

Stakeholders definition

People with interest in business (e.g. employees, customers)

Objective definition

Specific goal helping a business achieve its mission

PLC meaning

Public limited company - shares traded on stock exchange

3 core business objectives (SGP)

Survival, Growth, Profit

CSR meaning

Corporate Social Responsibility - ethical & responsible acts

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