objectives

Question 1

what are business objectives?

Answer 1

specific goals a business is aiming to achieve in a specified period.

Question 2

what do objectives do?

Answer 2

provide managers and employees with a sense of direction and purpose.
help identify and prioritize resources required to achieve the goals.

Question 3

name all business objectives (7)

Answer 3

1. to make a profit
2. to increase market share
3. to improve efficiency
4. to improve effectiveness
5. to fulfil a market need
6. to fulfil a social need
7. to meet shareholder expectations