1.1 Business Objectives

Question 1

What are a business’s financial objectives?

Answer 1

1. Profit
2. Survival (Financial Security)
3. Market Share
4. Sales
5. Growth

Question 2

What are a business’ non-financial objectives?

Answer 2

1. Social Objective
2. Satisfaction
3. Control
4. Flexibility
5. Challenge

Question 3

Why do business aims and objectives change as they grow?

Answer 3

1. Change in consumer demands
2. Technological advancments
3. new legislations
4. internal reasons
5. performance needs