Aims, Objectives and Business Success Flashcards
1
Q
What are the different meanings for success
A
Survival Profit Growth Market share Environmental sustainability Ethical considerations Customer satisfaction
2
Q
What is survival
A
Staying alive
3
Q
What is profit
A
Making money
4
Q
What is growth
A
Expansion in
employees
products sold
income from sales
5
Q
What is market share
A
Establish itself
dividing sales of products by total sales of the market and multiplying by 100
6
Q
What is environmental sustainability
A
Minimising impact to the environment
7
Q
What is ethical consideration
A
Morally right
8
Q
What is customer satisfaction
A
Customers are happy and there needs are met
