Framework for activity - Business Aims, Objectives and mission statements

Descripción

Applied Business Single award
jacksonkie
Test por jacksonkie, actualizado hace más de 1 año
jacksonkie
Creado por jacksonkie hace más de 10 años
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Resumen del Recurso

Pregunta 1

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

Pregunta 2

Pregunta
SMART Objectives: What does the S stand for?
Respuesta
  • Specific
  • Similar
  • Systematic

Pregunta 3

Pregunta
SMART Objectives: What does the M stand for?
Respuesta
  • Measurable
  • Mathematical
  • Marked

Pregunta 4

Pregunta
SMART Objectives: What does the A stand for?
Respuesta
  • Achievable
  • Attainable
  • Accessible

Pregunta 5

Pregunta
SMART Objectives: What does the R stand for?
Respuesta
  • Realistic
  • Rational
  • Reasonable

Pregunta 6

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

Pregunta 7

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

Pregunta 8

Pregunta
Why have a business aim?
Respuesta
  • 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

Pregunta 9

Pregunta
Being Ethically and Socially responsible is an aim for all Businesses
Respuesta
  • True
  • False

Pregunta 10

Pregunta
Not all Companies Have a mission statement
Respuesta
  • True
  • False

Pregunta 11

Pregunta
Which of these are possible Business Aims
Respuesta
  • 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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