1.3 Flashcards
1
Q
Survival
A
Keeping the businiess opertating for a certain amount of time
2
Q
Profit maximisation
A
Determing the price, input and output levels that will lead to the highest possible profit
3
Q
Domestic growth
A
When you grow in your own country
4
Q
International growth
A
When you grow in other countries
5
Q
Increased market share
A
The more sales a company has than its competitors is their given growth
6
Q
Social objectives
A
When a businiess isn’t for profit but for helping people
7
Q
Customer satisfaction
A
A measure of how well a company’s products, services, and overall customer experiance meet customer expectations
