Aims and Objectives Flashcards
1
Q
Why do businesses set objectives?
A
- Helps with decision making and establishing priorities
- It helps investors to understand the direction in which the business is heading
- Provides a target to see how successful the business has been
- Motivates everyone connected with the business
2
Q
Can you think of two objectives for a small business?
A
Survival & Growth
3
Q
Can you think of two objectives for a large business?
A
Maintain Good Public Image & Become More Eco-Friendly
4
Q
What makes a good objective?
A
- What the target is
- When it has to be achieved
- Who is to achieve it
- How to achieve it
5
Q
What resources do businesses need to meet their objectives?
A
- Time
- Money
- People
- Equipment
