setting financial objectives

Question 1

financial objectives

Answer 1

• specific target relating to financial performance of a business

Question 2

value of setting financial objectives

Answer 2

• a focus for the entire business
  -help monitor risk of business failing
• how shareholders gain insight on how the business is performing and their investment

Question 3

3 finical objectives

Answer 3

-revenue , rev growth , sales maximisation , market share
- costs , cost minimisation , unit costs (economies of scale)
- profit