1.3-aims And Objectives

Question 1

What is an aim?

Answer 1

An aim is a general goal of a business

Question 2

What is an objective?

Answer 2

A specific target that is set for a business to achieve

Question 3

What is a private sector organisation?

Answer 3

It is a business owned by individuals.

Question 4

What is a public sector organisation

Answer 4

An organisation owned by the government

Question 5

Specific

Answer 5

Accurate and targeted

Question 6

Measurable

Answer 6

Numbers, facts and figures

Question 7

Attainable/achievable

Answer 7

Its possible to do

Question 8

Realistic

Answer 8

A goal you can achieve

Question 9

Time bound

Answer 9

Has an end point

Question 10

SMART

Answer 10

Soecific, measurable,attainable,realistic and time bound

Question 11

Survival

Answer 11

Keeping the business running

Question 12

Profit maximisation

Answer 12

Making as much profit as possible

Question 13

Growth

Answer 13

A company which puts itself in a better position

Question 14

Growth(domestic and international)

Answer 14

Planning on growing into other parts of a country or other countries

Question 15

Market share

Answer 15

Shows how a company is compared to other businesses: coco cola has a 45% market share

Question 16

Customer satisfaction

Answer 16

Wether the customer ans consumer are satisified or not

Question 17

Social objectives

Answer 17

The payment of taxes, reasonable prices etc.

Question 18

Ethical onjectives

Answer 18

The wrongs and rights of a company