Setting Business Aims & Objectives (Busuiness In The Real World) Flashcards
Which of the following best describes
It sets out specifically how a business aim can be met in a certain time
Budgetairline,easyJetaimstoreducefuelusageandcarbonemissionsofitsaircraft.Thisis an example of:
An enviornmental objective
UKsupe market,Tesco has opened stores all over the world. Which one of the following objectives has the supermarket met?
International growth
Which of the following statwments best describes defines the term market share?
The percentage of total market sales made by one business
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:
An ethical objectove
What is survival?
Keeping the business operating for a certain amount of time
What is profit maximisation?
A process business firms undergo to ensure the best output and price levels are achieved
What is growth?
The increase in a company’s size, revenue, market share and profitability over a country
What is domestic?
Economic transactions that take place inside the geographical boundaries of a country
What is international growth?
Usally has been attributed to many factors including changes in technology from other countries
What is the increase of market share?
The proprtion of total sales in a market made by one business