Ask Question
BusinessBusiness
5 August, 23:35

You are giving a tour of businesses to several classical musicians from China. One of the Chinese in the tour group has asked you to define the purpose of business. How should you answer this question?

+3
Answers (1)
  1. 5 August, 23:42
    0
    Purpose of business is to increase general well being of people by selling goods and services.

    Explanation:

    The main purpose of business is to increase well being of people, make profits for its stakeholders and offering value for money to its customers or clients through products and or services. The products and services provided by the company should not harm its customers and clients instead these products and services should provide benefits to its users and satisfy their needs. While making profits a company should keep scarce resources in mind so the needs of the future generation is not compromised also it does not harm the environment by its poisonous wastage. Every business requires some form of investment as an input though which quality output can be provided to its customers and clients.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You are giving a tour of businesses to several classical musicians from China. One of the Chinese in the tour group has asked you to define ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
When preparing for a business trip to China, Kaylee Putbrese determined she needed to bring $5,200. How much must she borrow for a simple discount note at 6% for 45 days?
Answers (2)
A construction and building inspector is checking the site of a pre-construction demolition. What items would the inspector expect to be present as part of a review? (Select all that apply.
Answers (1)
A flexible budget for 15,000 hours revealed variable manufacturing overhead of $90,000 and fixed manufacturing overhead of $120,000. The budget for 25,000 hours would reveal total overhead costs of: A. None of the answers is correct. B.$350,000. C.
Answers (1)
Suppose Tefco Corp. has a value of $100100 million if it continues to operate, but has outstanding debt of $120120 million that is now due.
Answers (1)
What are the ethical issues at stake when companies permit employees to use personal technology on the job? what are tge implications?
Answers (1)
New Questions in Business
Arnell Industries has $35 million in permanent debt outstanding. The firm will pay interest only on this debt. Arnell's marginal tax rate is expected to be 21% for the foreseeable future. a) Suppose Arnell pays interest of 7% per year on its debt.
Answers (1)
List of marketing collateral needed for new territory
Answers (1)
In July 2009, Hungary successfully issued 1 billion euros in bonds. The transaction was managed by Citigroup. Who is the issuer of the bonds? The Hungarian government Hungary Bank Citigroup What type of bonds are these? a. Government bonds b.
Answers (1)
E6-18 (Algo) Inferring Bad Debt Write-Offs and Cash Collections from Customers LO6-2 On its recent financial statements, Hassell Fine Foods reported the following information about net sales revenue and accounts receivable (amounts in thousands) :
Answers (1)
Dicey Investments, Inc. has a debt/equity ratio of 2.0. If it had no debt, its cost of equity would be 13%, while Its pre-tax cost of debt is 10%.
Answers (2)
Home » Business » You are giving a tour of businesses to several classical musicians from China. One of the Chinese in the tour group has asked you to define the purpose of business. How should you answer this question?
Sign Up Forgot Password?