Business objectives Flashcards

1
Q

business objectives

A

a stated measurable target that a business plans to achieve

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2
Q

corporate social responsibility

A

when businesses consider the interests of society by taking responsibility for the impact of their decisions and activities on customers, employees, communities and the environment

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3
Q

pressure groups

A

organisations created by people with a common interest or aim, who put pressure on businesses and governments to change policies so that an objective is reached

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4
Q

triple bottom line

A

the three objectives of social enterprises; economic, social and environmental

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5
Q

SMART objectives

A

aims that are specific, measurable, achievable, realistic and time - based

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6
Q

business aim

A

a long - term goal that a business hopes to achieve

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7
Q

mission statement

A

a brief statement of the business’s core aims, phrased in a way to motivate employees and to stimulate interest from outside groups

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8
Q

annual report

A

a document that gives details of a company’s activities over the year, including its financial accounts

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9
Q

business strategy

A

a long - term plan of action for a business, designed to achieve a particular objective

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10
Q

tactic

A

a short - term action as part of an overall strategy

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11
Q

target

A

a short - term goal that must be reached before an overall objective can be achieved

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12
Q

budget

A

a detailed financial plan for the future

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13
Q

ethical code

A

a document detailing a company’s rules and guidelines on staff behaviour that must be followed by all employees

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