Business Objectives 1.3

Question 1

Types of business objectives.

Answer 1

Financial
Social
Personal

Question 2

What are Financial objectives?

Answer 2

They are objectives that inspire business owners to increase sales (more profit). This can be done by clever marketing, advertising or dropping product prices.

Question 3

What are personal objectives?

Answer 3

Objectives made to change or grow a business owner, motivates him/her. Not normally made public.

Question 4

What are Social objectives?

Answer 4

Objectives made to help the community.

Such as community service, ecological sustainability and social justice.

Question 5

What are business objectives?

Answer 5

Goals set to be achieved in the next 5 years.