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 no

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Task 1

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:

Unit/Criteria reference
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

Task 2

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.

Task 3

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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