1.4 Business Objectives (AS)

Which of the following answers are business objectives?

• Survival

• Profit

• Specific

• Market share

Which of the following is not a business objective?

• Corporate social responsibility

• Market share

• Growth

• Employment

An Individual or group which has interest in business because they are affected by its activities and decisions.

• Shareholders

• Travellers

• Stakeholders

• Students

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.

A statement of specific target to be achieved. They should be SMART.

• Objective

• Profit

• Revenue

• Delegation

M in SMART stands for:

• Modest

• Meaningful

• Money

• Measurable

Which of the following is not a business objective?

• Corporate social responsibility

• Market share

• Growth

• Realistic

A business with social objectives that reinvests most of its profits back into the business or into benefiting society at large.

• Social network

• Social enterprise

• Corporation

• Multinational company

An Individual or group which has interest in business because they are affected by its activities and decisions.

• Shareholders

• Travellers

• Stakeholders

• Students

Which one of the following isn't likely to be a common business objective?

• To make profit
• To provide a service to the community
• To pay as much tax as possible
• To increase market share