Aims And Objectives Flashcards
1
Q
What is an aim
A
An aim is a long term objective
2
Q
What is an objective
A
Short-medium term target to help achieve your aim
3
Q
What are stakeholders
A
Individuals or oragnaisers affected by the action or decision of a particular business
4
Q
What does SMART stand for
A
Specific, measurable, achievable, realistic, timed
5
Q
Aims for profits
A
Survival, growth expansion, increase sales revenue
6
Q
Aims for non profit
A
Help people in need, control strategic industries
7
Q
Why would a business decide to stay small
A
To have less stress and they can survive relatively low cost structure
8
Q
Internal shareholders
A
Employees, manager, owner
9
Q
External stakeholders
A
Governments, society, customers, suppliers
