Setting Business Aims & Objectives (Busuiness In The Real World)

Question 1

Which of the following best describes

Answer 1

It sets out specifically how a business aim can be met in a certain time

Question 2

Budgetairline,easyJetaimstoreducefuelusageandcarbonemissionsofitsaircraft.Thisis an example of:

Answer 2

An enviornmental objective

Question 3

UKsupe market,Tesco has opened stores all over the world. Which one of the following objectives has the supermarket met?

Answer 3

International growth

Question 4

Which of the following statwments best describes defines the term market share?

Answer 4

The percentage of total market sales made by one business

Question 5

British cosmetics business, Lush makes products such as soaps and shampoos. It does not buy ingredients that have been tested on animals. This classed as:

Answer 5

An ethical objectove

Question 6

What is survival?

Answer 6

Keeping the business operating for a certain amount of time

Question 7

What is profit maximisation?

Answer 7

A process business firms undergo to ensure the best output and price levels are achieved

Question 8

What is growth?

Answer 8

The increase in a company’s size, revenue, market share and profitability over a country

Question 9

What is domestic?

Answer 9

Economic transactions that take place inside the geographical boundaries of a country

Question 10

What is international growth?

Answer 10

Usally has been attributed to many factors including changes in technology from other countries

Question 11

What is the increase of market share?

Answer 11

The proprtion of total sales in a market made by one business