5. Business Objectives

Question 0

What are common objectives for a business in a private sector?

Answer 0

Survival, profit, returns to shareholders, growth of business, market share, community service, etc.

Question 1

Why do business set objectives? (4)

Answer 1

• Gives workers and managers clear target to work towards
• Helps in making decisions
• Can unite business towards a goal
• Can be used to measure business success