1.5.3 Flashcards
What is the aim of business at the begining?
Survive
What is crucial too profit maximising?
Effective cash flow management.
What is dividend?
Sum of money paid each year by a company to its shareholders from its profits.
What is sales maximisation?
Focuses on generating maximum possible revenue.
What is Market share objective?
Increasing the total sales in a particular market as much as possible.
What are social objective?
Companies objective to addressing social or environmental issues.
What is customer satisfaction as an objective?
Aim to deliver high quality goods and leaving good customer service.
What is employee welfare as an objective?
Providing a healthy and safe environment for employees.
What is cost efficiency as an objective?
Company aims to deliver products at lowest possible cost.
