Chapter 2 Business Objectives Flashcards Edition

Description

Flashcards for chapter 2 business objectives. A great way to revise.
18kusumoa
Flashcards by 18kusumoa, updated more than 1 year ago
18kusumoa
Created by 18kusumoa over 9 years ago
27
0

Resource summary

Question Answer
What is a business objective? Something that gives a goal for the business and keep things in check.
How can a objective effect a business? Because it give people a purpose to what they are doing and will try to reach and achieve that goal.
Is it vital to have a objective in a business? Yes as this will effect the companies for most of behaviour and reasoning.
What does S.M.A.R.T mean? Specific Measurable Achievable Realistic Time specific
What kind of objectives do companies have if they are part of the Private sector? Survival Profit Growth and wealth creation Increase market share Image, reputation and social responsibility
What kind of objectives do companies have if they are part of the Public sector? Increase special needs provision in school Increase response time of emergency services Reducing specific crime rates Increasing the number of students entering higher education
Show full summary Hide full summary

Similar

Forms of Business Ownership Quiz
Noah Swanson
Unit 3 Business Studies
Lauren Thrower
Contract Law
sherhui94
AQA Business Unit 1
lauren_binney
Digital Marketing Strategy - The Essentials
Micheal Heffernan
What is Marketing?
Stephanie Natasha
Chapter 18 - Marketing mix(Product & Price)
irene floriane
Market Segementation
Noah Swanson
Business Studies - AQA - GCSE - Business Studies Key Terms
Josh Anderson
Business Marketing
s1500782
3. Enterprise, business growth and size
shlokashetty98