business aims and objectives Flashcards
1
Q
business aims and objectives when starting up
A
financial
non finsncial
2
Q
financial aims and objectives when starting up
A
survival
profit
sales
market share
financial security
3
Q
non financial aims and objectives when starting up
A
social objevtives
personal satisfaction
challenge
independence
control
4
Q
why do aims and objectives differ between businesses
A
businesses operate in different sectors, and business operations vary in size and scale.
5
Q
how does size of a business impact it’s aims and objectives
A
A small business might focus on survival and growth, while a larger corporation might focus on market dominance.
6
Q
what is an aim
A
broad general statement that summarises what a company wants to achieve
7
Q
what is an objective
A
more specific, measurable steps to achieve those aims
