Major Assignment One
Unit 1
Business Concepts
Keith Spiteri 1F
Task One:
In a free market economy people can do whatever they want as there is limited government ownership and control? Here’s some features of the free market economy.
1. People can buy what they want and also sell what you want.
2. In a free market economy prices will be determined by the consumer’s demand and producer’s supply, this will bring some changes in the prices.
3. They have the right to choose whatever they want, they can withhold with that religion or with that team and no one will say you something.
4. Also in a driven economy people can have private property, they can do whatever they want with their assets.
5. Factors of production can be owned
…show more content…
This means that your own business continues to do profit. Generally this aim is focused on that busineses that had opening.
B) Two objectives that helped to achieve the survival of this toy shop were “the store had been modernized” this objective is very important as it will attract more customares. Another objective is that “unprofitable businesses, had been closed” another objective that helped this business to survive is this as this wast making profit so they decided to converted in a Bear factory store this helped to attract more customares.
Task Five
Mission Statement : the mission statement of Pepsi co is to be the worlds best company that is focused on foods and beverages. This company aims to have employees that can be trusted easily. Also this company try to be honest fair and integrated.
Vision statement : the vision statement is to be environmently friendly that means not damage the environment. Also they want to do a better world. Then they have to continue growing their business and do more