Aims And Objectives - Private Sector Flashcards
1
Q
What are the 7 aiks of the private sector
A
-Profot maximisation
-Achieving quality
-Survival
-Customer satisfaction
-Increase market share
-Socially responsible
-Innovation
2
Q
Profit maximasiation
A
To make as much profit as possible
3
Q
Achieving quality
A
To provide the highest standard or product/service
4
Q
Survival
A
To continue to survive from one year to the next
5
Q
Customer satisfaction
A
To ensure customers are happy with their purchase
6
Q
Increase market share
A
To gain more customers relative to your competitors
7
Q
Social responsibility
A
To act in a responsible way towards the environment, your community and wider society
8
Q
Innovation
A
To create new ideas
