Foreign Educator Teaching System

Tag: need

  • Need for exchange

    Need for exchange If someone produces pens and has to buy a eraser then he/she will need money to buy it. Money aids trade and specialisation

  • Functions money

    Functions of money Medium of exchange Store of value Unit of account Standard for deferred payment

  • Need for intervention

    Identify need for intervention To stop consumer exploitation in the hands of the business The managers may provide unsafe working conditions to employees to safe money Production of harmful goods Consumers are weak and innocent

  • Why are objectives important?

    Need and importance of objectives in business Give direction and meaning to the business Measure the success of business Motivate the workforce To formulate strategies in order achieve aims