Aims And Objectives Flashcards
0
Q
What is a stakeholder?
A
A stakeholder is someone who is interested in or affected by a business
1
Q
What is a shareholder?
A
A shareholder is someone who owns part of a business
2
Q
What is an aim
A
An aim is a long term goal
3
Q
What is an obejective
A
Objectives are targets set to achieve your aim
4
Q
What are SMART objectives
A
Specific Measurable Achievable Realistic Time
5
Q
What are the main 4 aims for a business start up?
A
1) To SURVIVE
2) To BREAK EVEN
3) To attract and gain loyal customers
4) Awareness of their brand
6
Q
What is the purpose of setting aims and objectives
A
So you can measure your SUCCESS
7
Q
What are some ways of measuring success?
A
- Share prices
- Profit
- Sales figures
- Number of employees
- Meet their aims and objectives
