Business Existence

Why do Businesses Exist?

There is lots of reasons the businesses exist. A business is there to give people goods like food or services like a plumber. Consumers or customers can be people who buy things for themselves. For example, Woolworths and people go there to buy food for themselves or other businesses or organisations. An example of this would be Bunnings that provide hardware to other businesses so they can build houses. 


Most businesses that are created exist because an entrepreneur had an idea and there was a high supply and demand and for the product. A business wouldn't remain in business if it wasn't making a profit so that is another reason that businesses keep existing and don't go broke



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