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  • Bus Test 5

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    niloy
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    A social enterprise is a business with social and environmental objectives. Stakeholders include owners, employees, customers, suppliers and the community who can affect or be affected by a business. The main objectives of most businesses are to make a profit, grow the business, and provide customers with goods and services. Objectives may change as a business evolves and the needs of stakeholders change over time. A sole trader owns and runs their own business as an individual while a partnership involves two or more people sharing ownership and responsibility for running the business.

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    bus test 5

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    A social enterprise is a business with social and environmental objectives. Stakeholders include owners, employees, customers, suppliers and the community who can affect or be affected by a business. The main objectives of most businesses are to make a profit, grow the business, and provide customers with goods and services. Objectives may change as a business evolves and the needs of stakeholders change over time. A sole trader owns and runs their own business as an individual while a partnership involves two or more people sharing ownership and responsibility for running the business.

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    4 views1 page

    Bus Test 5

    Uploaded by

    niloy
    A social enterprise is a business with social and environmental objectives. Stakeholders include owners, employees, customers, suppliers and the community who can affect or be affected by a business. The main objectives of most businesses are to make a profit, grow the business, and provide customers with goods and services. Objectives may change as a business evolves and the needs of stakeholders change over time. A sole trader owns and runs their own business as an individual while a partnership involves two or more people sharing ownership and responsibility for running the business.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Business Test 5

    1. Define social enterprise.


    2. Who are stakeholders? Explain with examples.
    Name:
    3. Explain 3 objectives of a business.
    Marks obtained:
    4. Why might objectives change as a business evolves?
    5. Define sole trader.
    6. Explain 3 advantages and disadvantages for partnership business.
    7. How does operating a franchise benefits franchisors
    8.

    1. Define stakeholder. [2]

    2. Define business objectives. [2]

    3. Explain 3 objectives a business might pursue [6]

    4. Discuss the expectations of 3 stakeholders. [6]

    5. Explain 2 ways how business objectives might cause conflict


    between stakeholders. [4]

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