1.3 Setting Business Aims And Objectives Flashcards
Budget airline, easyJet aims to reduce fuel usage and carbon emissions of its aircraft. This is
an example of:
An environmental aim
UK supermarket, Tesco has opened stores all over the world. Which of the following objectives has the supermarket met?
International growth
Which of the following statements best defines the term market share?
The percentage of total market sales made by one business
British cosmetics business, Lush makes products such as soaps and shampoos. It does not buy ingredients that have been tested on animals. This is classed as:
Ethical growth
Which of the following organisations is likely to have social considerations as its main aim?
OXFAM
Which of the following is the main aim of a not-for-profit organisation?
Benifit society
Which of the following would be an example of international expansion?
A uk supermarket opens in spain
Vauxhall aims to increase the number of cars it sells in the UK as a proportion of the total UK
car market sales. Which of the following best describes this aim?
Which of the following is the main reason a business would set business objectives?
To provide direction to the firm
Which of the following objectives has been met if a company’s share price increases?
Increase shareholder value
Which of the following objectives is a start-up business operating in a competitive market most likely to set in its first six months of trading?
Survival
Whichofthefollowingisthemostlikelyobjectiveofalarge,establishedandhighlyprofitable inte national business?
Market dominance
