1G Flashcards

1
Q

what are the types of goals?

A

financial, Social, Profit Margin

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2
Q

what does a financial goal include?

A

Increase sales and profit

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3
Q

what does a social goal include?

A

staffing, wellbeing and environment

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4
Q

what does the profit margin goal include?

A

earning more than you spend

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5
Q

what does smart goals stand for?

A

Specific, Measurable, achievable, relevant, time sensitive

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6
Q

what is a specific goal?

A

being very exact in the goal set

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7
Q

what is a measurable goal?

A

being able to measure a goal such as saving $100,000 for future building development

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8
Q

what is an achievable goal?

A

a goal that get be met. e.g. not setting a goal like wishing to selling space rockets by the end of the year

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9
Q

what is a relevant goal?

A

a goal that will help the business grow

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10
Q

what is a time specific goal?

A

setting a goal in a certain time frame

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