1.3.1 - Business Aims and Objectives Flashcards
1
Q
Market Share:
A
Market Share: a proportion of sales in a market that are taken by one business
2
Q
Profit:
A
Profit: The amount of revenue left over once costs have been deducted
3
Q
Social Objective:
A
Likely to be non-financial, such as to reduce the carbon emissions of a business or improve the quality of life for a local community
4
Q
What factors doing you consider when making a smart target?(Objective)
A
OBJECTIVE
- Specific
- Measurable
- Achievable
- Realistic
- Time Restricted.
5
Q
List 5 finacial aims or objectives
A
- Survival
- Profit
- Sales
- Market share
- Financial Security
6
Q
Aims
A
Are the purpose of a busines and what it hopes to achive in the long term.
7
Q
Objective
A
- Are the short term to medium term targets of a busines organisation, e.g. survival, growth, market share etc.
