aims/objectives of the private sector Flashcards
(7 cards)
1
Q
what is profit maximisation
A
o make as much profit as possible
2
Q
what is achieving quality
A
To provide the highest standard of product/service
3
Q
what is survival
A
To continue to exit from one year to the next
4
Q
what is customer satisfaction
A
To ensure you customers are happy with their purchase
5
Q
what is market share increase
A
To gain more customers relative to your competitors
6
Q
what is social responsibility
A
act in a responsible way towards the environment
7
Q
what is innovation
A
To create new and unique ideas
