Aims and Objectives

What are business objectives?

• The tasks employees perform daily

• The goals a business aims to achieve

• The products a business sells

• The services a business offers

Which of the following is one of the five main types of objectives?

• Innovation

• Profit

• Customer Satisfaction

• Employee Engagement

What objective focuses on maintaining the business's existence?

• Growth

• Market Share

• Survival

• Provide a Service

Which objective is concerned with increasing the size or scale of a business?

• Profit

• Growth

• Market Share

• Provide a Service

What is the objective that involves offering goods or assistance to customers?

• Profit

• Survival

• Provide a Service

• Market Share

Which objective is related to the percentage of an industry's sales that a particular company controls?

• Growth

• Market Share

• Profit

• Survival

What is one reason why business aims and objectives might change?

• They are always fixed and never change.

• They change as the business develops.

• They are the same for every business.

• They are not influenced by market changes.

How do business aims and objectives respond to competition?

• They remain constant regardless of competition.

• They change in response to competition and market changes.

• They become irrelevant.

• They are unaffected by external factors.

Do business aims and objectives vary between different businesses?

• No, they are the same for all businesses.

• Yes, they vary from business to business.

• They only vary in large corporations.

• They are identical in small businesses.

What is the term used for making just enough profit to pay for general needs?

• Maximizing

• Sacrificing

• Satisficing

• Optimizing