Objectives When Starting Up - Unit 1 Flashcards
1
Q
What are objectives?
A
The goals that a business is trying to achieve
2
Q
What are the two typical objectives for a start-up?
A
- Financial
* Non-financial
3
Q
What is a financial objective?
A
Can be expressed in money terms e.g profit and income, survival, wealth
4
Q
What is a non-financial objective?
A
More personal and may involve helping others e.g Independence and control, personal satisfaction
