Mission Statements, Aims And Business Objectives

Question 1

What is a mission statement

Answer 1

What a business wants to achieve,

Question 2

Mission statement

Answer 2

• Gives consumers an idea of what the company believes in.

* Would change due to shareholders change or company being brought out

Question 3

Advantages of different objects

Answer 3

Gives focus

Gives direction

Question 4

SMART Objectives:

Answer 4

S- specific 
M- measurable 
A- achievable 
R- realistic 
T- time specific

Question 5

Specific

Answer 5

Objectives are aimed at what the business does

Question 6

Measurable

Answer 6

The business can put a value to the objectives

Question 7

Achievable

Answer 7

By all those concerned in trying to achieve the objectives

Question 8

Realistic

Answer 8

It should be able to be challenging but achievable

Question 9

Time specific

Answer 9

Set an objective for time (hit target by 2023)