Aims And Objectives Flashcards
1
Q
State 4 financial aims of business’?
A
Survive, Maximise Profit, Grow Market Share, Maximise Sales
2
Q
State 4 non-financial aims of business’?
A
Be Ethical, Independence, Challenge, Personal Satisfaction
3
Q
What is an aim?
A
The main goal of a business
4
Q
What is an objective?
A
Things that help to acheive the aim
5
Q
What do aims and objectives depend on?
A
The size/age of a business and the volume of competition
6
Q
What changes aims and objectives over time?
A
Consumer law, Employment law, Technology, Ethical/Environment, Consumer Spending, Interest rates, Exchange rates, Globalisation
