1. http://www.bized.co.uk Copyright 2006 – Biz/ed Business Objectives BTEC Business

2. http://www.bized.co.uk Copyright 2006 – Biz/ed Business Objectives Businesses exist to provide goods or services Whether or not they have to make a profit, businesses have to satisfy customers’ wants or needs There can be many different motivations for people to set up in business

3. http://www.bized.co.uk Copyright 2006 – Biz/ed Why set up in business? Fed up with working for someone else Quality of life Buzz of success Feel in control Financial reward “I could do better than that!”

4. http://www.bized.co.uk Copyright 2006 – Biz/ed Key Point Whatever the motivation, a business is set up solely to provide customer satisfaction. More resources on the reasons for being in business can be accessed by using the ‘Internet Resources’ catalogue at: http://catalogue.bized.ac.uk/