financial aims and objectives Flashcards
1
Q
Name 4 financial aims
A
-Maximise Profit
-Grow market share
-Maximise Sales
-Survival
2
Q
Name 4 non-financial aims
A
-Be ethical
Be Independent
-Personal satisfaction
-Challenge
3
Q
Define a aim of the business
A
A Aim is the Main goal the business wants to achieve
4
Q
Define a objective of the business
A
A objective is What helps the business achieve the Aim
5
Q
The aims and objectives will change for a business when
A
- Consumer and Employment law
- Technology
- Interest and exchange rates
- Consumer Spending