business objectives Flashcards

1
Q

make a profit

A

Profits is essential for any business to survive and grow

  • generate more revenues than expensive
  • profits can be reinvested into the business for it to grow
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2
Q

increase market shear

A

A business typically wants to increase its market share to become more competitive within an industry
- increase sales usually means a business can also increase their profit

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3
Q

fulfill a social need

A

.A business fulfills a social need by improving the community and environment through its business activities
.A community can face issues such as lack of poverty and or drug or abuse
.Fuffiling a social need often improves business reputation which can increase sales and therefore market share

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