Setting Business Aims & Objectives (Busuiness In The Real World) Flashcards

1
Q

Which of the following best describes

A

It sets out specifically how a business aim can be met in a certain time

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2
Q

Budgetairline,easyJetaimstoreducefuelusageandcarbonemissionsofitsaircraft.Thisis an example of:

A

An enviornmental objective

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3
Q

UKsupe market,Tesco has opened stores all over the world. Which one of the following objectives has the supermarket met?

A

International growth

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4
Q

Which of the following statwments best describes defines the term market share?

A

The percentage of total market sales made by one business

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5
Q

British cosmetics business, Lush makes products such as soaps and shampoos. It does not buy ingredients that have been tested on animals. This classed as:

A

An ethical objectove

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6
Q

What is survival?

A

Keeping the business operating for a certain amount of time

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7
Q

What is profit maximisation?

A

A process business firms undergo to ensure the best output and price levels are achieved

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8
Q

What is growth?

A

The increase in a company’s size, revenue, market share and profitability over a country

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9
Q

What is domestic?

A

Economic transactions that take place inside the geographical boundaries of a country

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10
Q

What is international growth?

A

Usally has been attributed to many factors including changes in technology from other countries

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11
Q

What is the increase of market share?

A

The proprtion of total sales in a market made by one business

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