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Why do businesses set objectives?
Profit Maximisation
Sales Maximisation
Satisficing
Survival
Market Share
Cost Efficiency
Return On Investment
Employee Welfare
Customer Satisfaction
Social Objectives
Reason for profit maximisation :
Reason for sales maximisation:
What objective would a business wanting to meet customer expectations set?
What objective would a business wanting to carry out production more efficiently set?
What objective would a business that wants to make enough income to cover costs set?
What objective would a business set when it intends to reach minimum requirements to fulfill and objective / goal
