business objectives Flashcards
1
Q
profit
A
the surplus remaining after total costs are deducted from the total revenue. costs include the calculated tax and dividends
2
Q
to increase market shares
A
the percentage of the total industry sales that the business receives
3
Q
to fulfil a market need
A
if enough people have similar needs and wants for a certain goods and services it creates a market. a business must try to satisfy these needs and wants
4
Q
to fulfil a social need
A
benefits the community through the actions of business
5
Q
meet shareholders expectations
A
shareholders own the business which means there expectation is to make a return on their investment. companies objectives are to meet these expectations and can influence the decisions made by the managers.
