business aims and objectives

Question 1

what does business objective mean

Answer 1

these are the aims of a business

Question 2

what are the business objectives

Answer 2

survival
-business may survive for a short period without making a profit
profit
-to reward to owners for taking a risk by investing their o money in the business
growth
to increase sale or market share
providing service
want to give customers the satisfaction and good service as new customers will come to the business and customers will continue to return

Question 3

what is the reason behind survival as a business objective

Answer 3

this may be an objective for a new business so that it can become established and secure by gaining customers and then again to make profit in the longer term

Question 4

what’s the reason behind profit as a business objective

Answer 4

new business may seek a minimum level of profits to help them survive

Question 5

the reason behind growth as a business objective

Answer 5

new business may set objectives for the growth of sales or market share to help them survive

Question 6

reasons behind providing a service as a business objective

Answer 6

this will help the business get a good reputation enabling it to attract new customers as well as retain its existing customers