2. Business objectives Flashcards
objectives
Goals or targets set by a business
Executives
Managers in an organisation or company who help make important decisions
Diversify
If a business, company or country diversifies, it increases the range of goods or services it produces
Financial return
Monetary return
Profit maximisation
Making as much profit as possible in a given time period
Dividends
Share of the profit paid to shareholders in a company
Profit satisficing
Making enough profit to satisfy the needs of the business owner(s)
negotiation
Official discussions between the representatives of opposing groups who are trying to reach an agreement, especially in business or politics
outcome
Result of an action
evolve
to develop and change gradually over a long period of time
Sustained
Continued for a long time
Legislation
law or set of laws
Emissions
Gas or other substances that are sent into the air
Automation
Use of computers and machines instead of people to do a job
Economies of scale
Financial advantages (falling average costs) of producing something in very large quantities
