Aims And Objectives Flashcards
1
Q
Objectives most often set by a bussiness
A
Profit
Increased market share
Growth
Survival
Service
2
Q
What is market share?
A
Market share is the percentage of total sales that a bussiness has in a specified market
3
Q
What is Direction as a bussiness objective ?
A
Will allow a business to decide on the direction it should take , for example weather it should expand or not
4
Q
What does Objective - focus on employees. help do
A
Helps increase efficiency
5
Q
What does Measurement of success bussines objective help do?
A
Can correct or change busines stratergy if it’s not working
6
Q
Objectives most often set my a business (PIGSS)
A
-Profit =revenue - total costs
-increased market share
-growth (internal or external )
-survival (new business )
-service (customer service )
