Project 1 business objectives Flashcards
Business objectives
Name the 5 types of business objectives?
Business survival, profit, growth of business, market share, providing a service.
Meaning of business survival? (Business objective)
Business survival refers to keeping the business operating for a certain amount of time.
Meaning of profit? (Business objective)
The difference between the total revenue of a business and the total costs of a business, when revenue is greater than cost.
Meaning of growth of business? (Business objective)
helps a company better position and market itself against its competitors.
Meaning of market share? (Business objective)
the percent of total industry sales that a company has.
Meaning of providing a service? (Business objective)
If you perform duties that help someone else E.g a community.
