S3 Business Objectives

What is an objective?

• A short term goal

• A long term goal

What objective do all 3 sectors share?

(choose 2)

• Profit Maximisation

• Social Responsibility

• Growth

• Provision of a service

What objectives would a company in the public sector have?

(choose 3)

• Provision of a service

• Make good use of funds/budget

• Raise awareness

• Survival

A sole traders first objective would be...

• Growth

• Survival

• Profit maximisation

• Sales maximisation

What objective is concerned with "Behaving in a way which is ethically correct and moral"

• Social responsibilty

• Enterprise/Innovation

• Ethical procedure

A social enterprise...

• Relies on donations

• Aims to make a huge profit

• Has a main social or environmental aim

• Is owned by shareholders

What sector of economy does the Parkinsons Foundation operate in?

• Private

• Public

• Third

What sector of economy do partnerships operate in?

• Private

• Public

• Third

What are the 3 sectors of the economy?

• Private

• Third

• Charities

• Public

Which objective would this organisation have?

• Profit Maximisation

• Survival

• Raise awareness for a needy cause