Business Objectives Flashcards
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1
Q
whats an objective?
A
desired goal, outcome or specific results that a business intends to achieve
2
Q
whats business strategies
A
actions that a business takes to achieve specific objectives
3
Q
what is effectiveness
A
the degree to which a business has achieved its stated objectives
4
Q
what is efficiency
A
refers to how well a business uses resource to achieve objectives
5
Q
what are the 5/7 business objectives?
A
- to make a profit
- to full-fill a social need
- to meet shareholder expectations
- to increase market share
- to full-fill a market need
