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Give clear details of the purpose, activities, and aims of a for-profit business, and not-for business
Build on your findings for the two businesses to make a comparison, showing both similarities and differences
Criteria covered by this task:
To achieve the criteria, you must show that you are able to:
Unit 1/ 2A.P1
Explain the purpose, activities and aims of a for-profit and a not-for-profit business.
Unit 1/ 2A.M1
Compare the purpose, activities and aims of a for-profit and a not-for-profit business
Explain ways in which the for-profit and the not-for profit business can measure success. This will include meeting business aims and financial and non-financial KPIs.
Give a detailed breakdown of the business aims and the financial and non-financial KPIs and say how meeting each of these contributes to the measurement of success. Use detailed examples to clearly show the importance to the business of measuring success.
Choose one of the businesses previously selected and assess how successful this business has been in achieving its main purpose and aims. Make a balanced argument using relevant examples and come to a supported conclusion on its success
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