The purpose and objectives of a business

From a typical businessman point of view, What is a business?

• An organization to make a profit

• An organization to satisfy customers

• An organization to people happy

• An organization to serve the community

What is the danger about profit maximization?

• It makes you want more every time

• It makes profitability appear to be a myth.

• It makes you sad

• It makes other poeple feel envy

How should managers see profitability?

• As a wish

• As a test of efficiency

• As a test of their validity

• As a test of their intelligence

What is the purpose of a business?

• To make profits

• To satisfy people

• To create a system

• To create a customer

Who does determine what is a business?

• The board of director

• The customer

• The boss

• The Chirf Executive Officer

What is that a customer buys in the end?

• Utility

• Product

• Happiness

• Service

What are the two basic functions of a business?

• Innovation and production

• Marketing and research

• Innovation and marketing

• Production and sales

What is NOT a key areas where objectives must be set?

• Innovation

• Accounting

• Financial resources

• Productivity