02 Explain reason why the objectives of a charity might be different from those of a car manufacturer.

Ch 4 Business objectives
Dania Farooq
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Re: 02 Explain reason why the objectives of a charity might be different from those of a car manufacturer.

Post by Dania Farooq »

[KN] A charity aims to help people or support a cause nd not to make money. A car manufacturer on the other hand focuses on earning profit by selling cars.
[APP] For eg, a charity like unicef works to improve children’s education nd health while toyota tries to increase its sales nd profit from car production.
[AN] And so their goals are diff from eo as charities spend most of their funds on welfare projects instead of marketing or production as well as thier main aim is to spread awarness while the businesses main aim is to earn profit.
tanzeelrehman
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Re: 02 Explain reason why the objectives of a charity might be different from those of a car manufacturer.

Post by tanzeelrehman »

KN:
A charity’s main objective is to help people and provide social benefits, while a car manufacturer’s main objective is to earn profit.

APP:
For example, a charity may aim to raise funds to support poor or needy children, whereas a car manufacturer may aim to increase product quality and boost sales revenue.

AN:

Charities focus on social welfare, not on making profit. Their success is measured by the number of people they help. Car manufacturers focus on high sales and profit. Their success is measured by market share and revenue, not by social impact.
hassanalizafar
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Re: 02 Explain reason why the objectives of a charity might be different from those of a car manufacturer.

Post by hassanalizafar »

[KN] Charity works for social welfare is the masses whereas a car manufacturer operates for personal interest eg to earn profit.
[APP] For instance, a car manufacturer will charge premium pricing for its products whereas a charity will offer services like healthcare for free.
[AN] The car manufacturer is more likely to use resources more efficientlywhich increases production which leads to boost in national income and create jobs while a charity focuses mainly on providing support rather than driving economic growth.
AliAzeem
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Re: 02 Explain reason why the objectives of a charity might be different from those of a car manufacturer.

Post by AliAzeem »

[KN] Charity is a service based business while car manufacturer is involved in production.
[APP]For example a charity might have objectives like the well being of society whereas a car manufacturer will aim for higher profits by selling value added products.
[AN] charging higher prices will increase the profit margins for the car manufacturer and more profit can then be reinvested into the business to buy better car parts which can improve the quality of it's cars and brand image of the business. Similarly,by providing a service efficiently and helping the society in an effective way will lead to a better brand image of the charity business which is crucial for steady donations and further operations.
Abdullah Mohsin
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Re: 02 Explain reason why the objectives of a charity might be different from those of a car manufacturer.

Post by Abdullah Mohsin »

[KN] A charity aims to help society rather than make profits.
[APP] For example, a charity like Edhi foundation focuses on providing healthcare and emergency services to those in need, while a car manufacturer such as Toyota aims to maximise profits through vehicle sales.
[AN] This means that a charity like Edhi foundation works on social benefits while a business like Toyota focuses on profit maxamization.
EmmanWaseem
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Re: 02 Explain reason why the objectives of a charity might be different from those of a car manufacturer.

Post by EmmanWaseem »

Charity focus on funding while car manufacturers focus on profit
Charity are provided with money or resources to help the less fortunate whereas car manufacturers focusbon profit maximisation and if there is increase in revenue means they have a strong brand image
Tuqwa
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Re: 02 Explain reason why the objectives of a charity might be different from those of a car manufacturer.

Post by Tuqwa »

kn:a charitys main objective is to help others or support a cause while a car manufacturer’s objective is usually to make a profit.
app:forexample a charity like Edhi Foundation aims to provide free healthcare and shelter whereas Toyota focuses on selling cars and earning revenue.
an:This shows that charities measure success by social impact while businesses measure it by financial performance and growth.
Ayaan Fayaaz
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Re: 02 Explain reason why the objectives of a charity might be different from those of a car manufacturer.

Post by Ayaan Fayaaz »

[Kn] A charity’s main objective is to help people or support a cause rather than make a profit.

[App] For example, a charity like UNICEF aims to reduce child poverty, while a car manufacturer like Toyota focuses on increasing sales and profits.

[An] This difference exists because charities **use donations to achieve social benefits**, **measure success by impact rather than revenue**, and **reinvest any surplus into their cause instead of paying shareholders**.
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