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There are many aspects to running a business. Businesses must consider competitors, the market, opportunities, a range of data type and business calculations.

Businesses exist to provide either a good or service to consumers and the general public. These products are sold by either public or private sector businesses.

Entrepreneurs set up businesses for a variety of reasons. Ultimately however, successful businesses survive by meeting customer needs. Entrepreneurs must have a range of characteristics and motives to create a successful business.

Learn about the importance of business planning with ±«Óãtv Bitesize GCSE Business – Eduqas.

All businesses create aims and objectives to give them goals or targets to achieve. Businesses have a range of stakeholders that are all impacted in some way by aims and objectives.

There are a number of different options when setting up a new or small business. These may depend on the size of the business, the number of owners and the level of risk owners are willing to take.

Business growth is important as it enables businesses to increase the scale of their operation and competitiveness. This may be done either internally (organically) or externally (inorganically).

Business owners have to consider a number of things when choosing a location for their business. These include the type of business and how close they need to be to their customers, labour, materials and competitors.