4 Business objectives

Question 1

Business objectives

Answer 1

A stated measurable objective(s) that a business plans to achieve.

Question 2

Corporate social responsibility

Answer 2

When businesses consider the interest of society by taking responsibility for the impact of their decisions and activities of customers, employees, communities and the environment.

Question 3

Pressure groups

Answer 3

Organisations created by people with a common interest or aim, who put pressure on businesses and governments to change policies so that an objective is reached.

Question 4

SMART criteria

Answer 4

Aims that are specific, measurable, achievable, realistic and time limited.

Question 5

Triple bottom line

Answer 5

The three objectives of social enterprises: are economic, social, and environmental.
The business aims for a long-term goal that businesses hope to achieve.

Question 6

Business aims

Answer 6

A long term goal that businesses hope to achieve.

Question 7

Mission statements

Answer 7

Brief statements of the business’s core aims, phrased in a way to motivate employees and to stimulate the interest from outside groups.

Question 8

Annual (company) report

Answer 8

A document that gives details of a company’s activities over the year, including its financial accounts.

Question 9

Business strategies

Answer 9

A long term plan for a business, designed to achieve a particular objective.

Question 10

Tactics

Answer 10

A short-term action as a part of an overall strategy.

Question 11

Targets

Answer 11

A short-term goal that must be reached before an overall objective can be achieved.

Question 12

Budget

Answer 12

A detailed financial plan for the future.

Question 13

Ethical code

Answer 13

A document detailing the company’s rules and guidelines on staff behavior that must be followed by all employees.