Business Objectives

What is the first and most important objective of a Private business organisation?

• Profit Maximisation
• Growth
• Survival
• Social Responsibility

What is a business objective?

• A statement of what the company has achieved.
• A statement of what the company is trying to achieve.
• A statement of what the company is currently achieving.

The most obvious objective of a Public Sector Organisation is:

• Growth
• Survival
• Providing a Service
• Profit Maximisation

What objective would an organisation in the voluntary sector have?

• Growth
• Profit Maximisation
• Serving the public interest
• Increasing market share

A large multinational organisation would have which objective?

• Survival
• Growth
• Social Responsiblity
• Serving the public interest

A sole trader just starting would have which objective?

• Growth
• Increasing Market Share
• Social Responsibility
• Survival

A business's objectives will depend on:

• time of year
• type of business
• sector of industry

S Jones and T McCabe are in business as a dentist partnership.  What objectives would they have?

• Growth and Serving the public Interest
• Survival and Providing a Service
• Profit maximisation and improving society

Survival means:

• to beat all the competition
• to continue to be in business and pay debts
• to pay as much profit as possible to the owner

Growth means:

• To increase the size of your premises
• To increase the number of customers you have.
• To increase the amount of sales
• All of these