Business Aims And Objectives Flashcards
1
Q
What is the aim of a business ?
A
The main goal
2
Q
What are the two aim of a business ?
A
Financial and non-financial
3
Q
What’s a financial aim of a business ?
A
Maximise profit
Grow market share
Survival
4
Q
What’s a non-financial aim for a business ?
A
Be ethical
Independence
Increase reputation
5
Q
What is the point of an objective ?
A
Helps achieve the aim
6
Q
What’s do aims tend to be ?
A
Specific and measurable
7
Q
What do your aims and objectives depend on ?
A
Size of the business
Volume of competition
8
Q
What usually is a new businesses first aim ?
A
Survival
9
Q
What do business aims and objectives a part of ?
A
A businesses plan
10
Q
What does SMART stand for ?
A
S pecific
M easurable
A greed
R ealistic
T ime
