Setting Businesses And Ideas Come From Flashcards

1
Q

What is an aim and an objective?

A

Aim- the long terms intentions, help for business objectives

Objectives- a goal to help a business achieve their aims

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2
Q

Why do businesses set objectives?

A

So they can achieve their aims

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3
Q

What are typical objectives for a business starting up?

A

Survival

To break even

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4
Q

How can objectives be used to measure success?

A

You can see how far you have come

Also to try and make your business better

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5
Q

How can stakeholders influence a businesses objectives?

A

They may make objectives of how they could help the community.
Also for owners how much profit they want to make.

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