Bussiness Aims And Objectuves Flashcards
1
Q
Business objectives
A
- survival
- profit
- growth
- providing a service
2
Q
Evolving
A
The way a business changes over time
3
Q
Profit
A
The reward to owners of risk taking
4
Q
Growth
A
Way of expanding or evolving a business
5
Q
Market share
A
The percentage of the market that the business occupies
6
Q
Why would a business change/evolve
A
- they are at different stages of development
- there owners have different motivations
- they are influenced by different market conditions
7
Q
Reasons behind business growth
A
- survival
- growth
- profit
8
Q
A
9
Q
A
