Which one of the following statements best describes why businesses exist? During a careers event, a manager from a window-cleaning company explains that th...
Question 1 Report
Which one of the following statements best describes why businesses exist? During a careers event, a manager from a window-cleaning company explains that the business noticed office customers wanted a reliable service. It bought ladders and safety equipment, hired workers and charges firms for regular cleaning. Revenue from sales is used to pay wages, equipment costs and taxes.
(a) Which statement best describes the business's role: meeting customer needs by providing goods or services, or collecting taxes for government? [1]
(b) Identify one service provided by the company. [1]
Answer Details
(a) The business exists to meet customer needs by providing goods or services. [1] This company identified demand for reliable office-window cleaning and provides that service in exchange for payment. Collecting taxes is a role of government, not the main role of this business.
(b) One service provided is cleaning office windows, including regular window-cleaning visits. [1]
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