aims and objectives

Question 1

aim

Answer 1

The overall long-term goal of the business.

Question 2

objectives

Answer 2

small steps that can be taken to achieve an aim

Question 3

survival

Answer 3

Where a business can generate enough revenue to keep
trading

Question 4

market share

Answer 4

a percentage of the total market occupied by a business in terms of sales revenue, or products sold.

Question 5

personal satisfaction

Answer 5

Where a business owner will setup and run a business
because they take pleasure and have an interest in what they do / sell.

Question 6

financial security

Answer 6

Whereby a business owner generates enough income from their business to meet their needs

Question 7

social objectives

Answer 7

Business objectives linked to providing positives outcomes for the community or environment.

Question 8

non financial objectives

Answer 8

Personal satisfaction, Challenge, Independence, Control, Social objective

Question 9

financial objectives

Answer 9

profit, market share, survival