Other Important Shite

Question 1

Small business according to the EU

Answer 1

<50 employees, less than or equal to €10m turnover

Question 2

Medium business according to EU

Answer 2

<250 employees, less than or equal to €50m turnover.

Question 3

Mission Statement

Answer 3

Overriding goal of the business and reason for its existence.

Question 4

Corporate objectives

Answer 4

Objectives that cover the whole business and set at a corporate level.

Question 5

Functional objectives

Answer 5

Relate to specific functions of a business such as marketing, operations etc.

Question 6

Individual targets

Answer 6

Similar to functional but focused on individuals within.