Aims /Objectives of the Private Sector Flashcards
(7 cards)
1
Q
Profit Maximisation
A
To make as much profit as possible.
2
Q
Survival
A
To continue to exist from one year to the next.
3
Q
Achieving Quality
A
To provide the highest standard of product /service.
4
Q
Customer Satisfaction
A
To ensure your customers are happy with their purchase.
5
Q
Increase Market Share
A
To gain more customers relative to your competitors.
6
Q
Social Responsibility
A
To act in a responsible way rewards the environment, your community and wider society.
7
Q
Innovation
A
To create new and unique designs.
