BEA - Common Business Objectives

Profit maximization means that a business aims to produce goods and services at a level that achieves the highest level of profit possible

• True

• False

Profit satisficing means NOT making enough profit to keep the owners of the business happy, resulting in employees having to work many more hours.

• True

• False

Market share means the amount that a business sells of its products compared with other companies selling similar products.

• True

• False

Survival means a business will fail in the first year, regardless of any intervention.

• True

• False

Growth in businesses can occur in different ways. They can try to find new customers, open in new countries or start making new products.

• True

• False

Corporate social responsibility (CSR) is when a business has NO consideration for the impact it has on the community and the environment.

• True

• False