BUS898 Email: bbcnoun@gmail.com Whatsapp: 08131667008 The purpose of a business policy is to enable the management to design work to suit set Answer: objectives A business policy sets up business boundaries that guide Answer: operations Every modem business organization operate with established Answer: guiding principles Business policy assists an organization to deliver services to meet an organization's Answer: objectives Capitalist counntries have more businesses because the economy is focused on Answer: profit making A business policy represents best plan of action put in place by an Answer: organization Policy refers to what a person wants to do. Business policy therefore is what an organization Answer: desires to achieve A business policy will soon lead to uncertainty and undecisiveness if it not Answer: stable A business policy is is meant to guide proper allocation of Answer: resources Businesses in a capitalist economy are privately owned and operated in order to make Answer: gains Business policies are the guidelines developed by an organization to guide Answer: future actions A business policy is the study of the nature and process necessary for successful Answer: future Business policy defines the scope or spheres within which an organization can make successful Answer: decisions From another perspective, a policy can be defined as general Answer: plan of action An organization comes into existence with the aim of achieving clearly defined Answer: business objectives Policy is not business decision but generally regarded as guide to Answer: decision making Business policy is a mandatory course which is always included in typical Answer: management studies Every business requires clear guidelines which will make the achievement of goals Answer: possible Business policy generally can be looked at as a future plan of Answer: action Business policy put together for a company is meant to guide Answer: future actions Email: bbcnoun@gmail.com Whatsapp: 08131667008