Common business objectives

Question 1

Acronym which determines good business objectives

Answer 1

Specific
Measurable
Achievable
Realstic
Time-related

Question 2

Factors that may influence business objectives

Answer 2

Size- objectives change as a business grows (start up businesses aim to survive)

Markets - competitive markets may aim to improve their market share

Owner - the owner may simply run a business for the love of his job

Consumer satisfaction - how to achieve this