Business objectives Flashcards
1
Q
Objectives
A
Goals or targets set up by the firm
2
Q
Executives
A
Managers in a company that help make important decisions
3
Q
Diversify
A
Increasing the range of goods or services produced
4
Q
Financial return
A
Monetary return
5
Q
Profit maximisation
A
Making as much profit as possible in a given time period
6
Q
Shareholders
A
Owners of limited companies
7
Q
Dividend
A
Share of profit paid to shareholders in the company
8
Q
Profit satisficing
A
Making enough profit to satisfy the need of the firm
9
Q
Automation use of computers and machines instead of peoplto do a job
A
use of computers and machines instead of people do a job
10
Q
Economies of scale
A
financial advantages of producing something in large quantities
11
Q
Revenue
A
Money earned from the sales of goods and services
