understanding business activity, 5 business objective and stake holders objectives

Question 1

objective

Answer 1

a statement of a specific target to be achieved. it should be SMART

Question 2

market share

Answer 2

the revenue of a business expressed as a percentage of total market revenue

Question 3

corporate social responsibility (CSR)

Answer 3

businesses taking responsibility for the impact their activity might have on a society and the environment

Question 4

social enterprise

Answer 4

a business with social objectives that reinvests most of its profits back into the business or into benefiting society at large

Question 5

stakeholder

Answer 5

an individual or group which has an interest in a business because they are effected by its activities and decisions