Chapter-5: Business objectives and stakeholder objectives Flashcards
1
Q
What are business objectives?
A
The aims or targets that a business works towards.
2
Q
What is profit?
A
The total income of revenue less total costs.
3
Q
What is market share? How do you calculate market share?
A
The total percentage of total market sales held by one brand or business. The formula is:
Market share % = (Company sales/Total market sales) * 100
4
Q
What is a social enterprise?
A
The social objectives and aim to make a profit to reinvest back into a business.
5
Q
What is a stakeholder?
A
Any person or group with a direct interest in the performance and activities of a business.
6
Q
A
