Why Do Businesses Exist? Shirley Jiang March 1, 2023

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Why Do Businesses Exist? Shirley Jiang March 1, 2023

Businesses create goods and services

New businesses have hopes on making a profit

Businesses collects taxes from the government and pays taxes on the income/earnings

Businesses promote global growth from technology development

Businesses contribute to the country’s infrastructure

Businesses create job opportunities and improve people skills

Business created to change/improve the world

The business may be a continuation of a family business

Businesses may be created to pursue a dream

Businesses add more value to the society

Businesses provide the needs and wants of the consumers

Returned investments are used to increase the profit in businesses