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
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
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