Business Objectives 2 Flashcards
1
Q
List 4 business objectives
A
Growth
Provision of service
Satisfying
Maximising sales
2
Q
Why growth
A
Take advantage of economies of scale - more efficient cos lower costs
3
Q
Why provision of service
A
Aim to provide the best service to their customers in the public sector
4
Q
Why satisfying
A
•enough to pay acceptable dividend to shareholders to keep them happy
5
Q
Why maximising sales
A
- Helps grow its market share
* beneficial for businesses operating in a competitive environment
