Business Aims and Objectives Flashcards
1
Q
Survival
A
Keeping the business operating for a certain amount of time.
2
Q
Profit maximitation
A
A process business firms undergo to ensure the best putput and price levels are achieved in order to maximise it’s returns..
3
Q
Growth
A
The increase in a companys size, revenue, market share, and profability over time.
4
Q
Aim
A
An aim is a general goal of a business.
5
Q
An objective
A
An objective is a specific target that is set for business to achieve.
