business objectives

Question 1

benefits of objectives

Answer 1

gives sense of purpose and direction
goals to be achieved
measure of success
helps decision making and planning
to motivate workers

Question 2

business objectives

Answer 2

targets an organization keeps in view. these targets are usually set for a specified period of time.

Question 3

types of business objectives

Answer 3

growth
to make a profit
service to society
market share
survival

Question 4

to make a proft

Answer 4

profit is what keeps a business going and is one of the main aims of most businesses as they are needed to be able to pay return to owners.

Question 5

survival

Answer 5

survival is the primary objective for small businesses and businesses in highly competitve areas

Question 6

growth

Answer 6

growth can only be achieved when consumers are satisfied with a business. when a business grows, the status and salary of the managers increases and a business is able to spread risks by spreading into new markets.

Question 7

market share

Answer 7

the proportion of total market sales achieved by one business. at the beginnig of the year or when a business just starts, they might set a market share they would like to achieve over a period of time.

Question 8

service to society

Answer 8

the aim to make the nevironment better by providing jobs and support for the homeless and disabled and protecting the environment.