Chapter 5 - Business & Stakeholder Objectives Flashcards
1
Q
Objective
A
A statement of a specific target to be achieved
2
Q
Market Share
A
The revenue of a business expresses as a percentage of total market revenue
3
Q
Corporate
Social
Responsibility
(CSR)
A
Businesses taking responsibility for the impact their activities might have on society and the environment
4
Q
Pressure Group
A
A group of like-minded people that puts pressure on businesses and governments to change their policies to reach a predetermined objective
5
Q
Social Enterprise
A
A business with social objectives that reinvests most of its profits back into the business or into benefitting society at large
6
Q
Stakeholder
A
An individual or group which has an interest in a business because they are affected by its activities and decisions
7
Q
A
