Business Objectives 1.3 Flashcards
(5 cards)
1
Q
Types of business objectives.
A
Financial
Social
Personal
2
Q
What are Financial objectives?
A
They are objectives that inspire business owners to increase sales (more profit). This can be done by clever marketing, advertising or dropping product prices.
3
Q
What are personal objectives?
A
Objectives made to change or grow a business owner, motivates him/her. Not normally made public.
4
Q
What are Social objectives?
A
Objectives made to help the community.
Such as community service, ecological sustainability and social justice.
5
Q
What are business objectives?
A
Goals set to be achieved in the next 5 years.
