Session 31 - business objectives

Question 1

what are business aims

Answer 1

The long term goals of the business. This is a general statement of where the business sees its future.

Question 2

What are business objectives

Answer 2

Shorter term goals of a business used to eventually achieve the aims. Objectives are usually set to be achieved over 1-3 years. Derived from the overall aims set by the directors

Question 3

What does SMART objectives stand for

Answer 3

S - Specific
M - Measurable
A - Achievable
R - Realistic
T - Timely

Question 4

List 3 business objectives

Answer 4

Survival, profit maximisation, sales maximisation, market share, employee welfare, customer satisfaction