financial aims and objectives Flashcards

1
Q

Name 4 financial aims

A

-Maximise Profit
-Grow market share
-Maximise Sales
-Survival

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2
Q

Name 4 non-financial aims

A

-Be ethical
Be Independent
-Personal satisfaction
-Challenge

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3
Q

Define a aim of the business

A

A Aim is the Main goal the business wants to achieve

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4
Q

Define a objective of the business

A

A objective is What helps the business achieve the Aim

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5
Q

The aims and objectives will change for a business when

A
  • Consumer and Employment law
  • Technology
  • Interest and exchange rates
  • Consumer Spending
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