1.3.1 - Business Aims & Objectives Flashcards by Isaac Haruna-Conlon Year 10

Q

Difference between aims & objectives

A

Aim - overall purpose
Objective - specific measurable targets

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Q

Examples of financial aims and objectives

A

Survival
Profit
Sales
Market share
Financial security

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Q

Examples of non-financial aims and objectives

A

Social objectives
Personal satisfaction
Challenge
Independence
Control

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Q

Factors affecting aims and objectives

A

The size of the business
The level of competition
The type of business

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