Framework for activity - Business Aims, Objectives and mission statements

Beschreibung

Applied Business Single award
jacksonkie
Quiz von jacksonkie, aktualisiert more than 1 year ago
jacksonkie
Erstellt von jacksonkie vor mehr als 10 Jahre
43
1

Zusammenfassung der Ressource

Frage 1

Frage
Which of these Business Aims is most likely to be for a business currently in its first year?
Antworten
  • Survive
  • Expand
  • Make a Profit

Frage 2

Frage
SMART Objectives: What does the S stand for?
Antworten
  • Specific
  • Similar
  • Systematic

Frage 3

Frage
SMART Objectives: What does the M stand for?
Antworten
  • Measurable
  • Mathematical
  • Marked

Frage 4

Frage
SMART Objectives: What does the A stand for?
Antworten
  • Achievable
  • Attainable
  • Accessible

Frage 5

Frage
SMART Objectives: What does the R stand for?
Antworten
  • Realistic
  • Rational
  • Reasonable

Frage 6

Frage
SMART Objectives: What does the T stand for?
Antworten
  • Time-Specific
  • Timed
  • Term-Specific

Frage 7

Frage
Growth is a business Objective, and the Aim could be £10 million sales in the UK
Antworten
  • True
  • False

Frage 8

Frage
Why have a business aim?
Antworten
  • They can be broken down to help specific functional areas understand what is required of them
  • It can help Shareholders decide whether they want to invest
  • It allows the CEO to tell his workforce what he alone wants them to do

Frage 9

Frage
Being Ethically and Socially responsible is an aim for all Businesses
Antworten
  • True
  • False

Frage 10

Frage
Not all Companies Have a mission statement
Antworten
  • True
  • False

Frage 11

Frage
Which of these are possible Business Aims
Antworten
  • Customer Satisfaction
  • Being Ethically responsible
  • Achieve sales of £1.5 million
  • Sales Growth
  • Expansion
  • Expand to 7 different outlets
  • Cut down unethical labor by 15%
  • Make a profit
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