Objectives

Question 1

what are objectives in a business

Answer 1

set of targets and goals an organisation strives to achieve
usually found in mission statements, company policies, company business

Question 2

what are some objectives of a private sector business

Answer 2

maximise profit
provide good quality service
survive
operate ethically
growth

Question 3

what are some objectives of a public sector business

Answer 3

provide a good quality service
work within a budget
operate ethically
serve the local community

Question 4

what are some objectives of a third sector business

Answer 4

support a cause
provide a service
raise awareness of a cause
maximise donations
survive

Question 5

why would a businesses objectives change

Answer 5

caused by internal or external factors
(small business may aim to survive first year, but next may aim to maximise profits)

Question 6

what is corporate social responsibility

Answer 6

when a business aims to act ethically and responsibly to ensure public perceives them in a positive light

Question 7

how can a business act ethically

Answer 7

reducing carbon footprints
creating new safety measures
improving working conditions
recycling, reducing waste & minimising packaging