1.3 (quizlet version) Flashcards
1
Q
objective
A
specific target that is set to help a business achieve an aim
2
Q
Aim
A
the general goal for a business
3
Q
market share
A
the percentage of total sales that a particular business or product makes
4
Q
shareholder
A
someone that owns a percentage of a company
5
Q
shareholder value
A
how much the shareholders % of a business is worth
6
Q
dividends
A
percentage of profit paid out to shareholders
7
Q
customer satisfaction
A
keeping the people buying the product happy
8
Q
ethical
A
making decisions that are morally right
9
Q
growth
A
selling more of your products
eg. opening new stores abroad
10
Q
survival
A
making just enough revenue to cover your costs
11
Q
profit
A
revenue - total costs
