Understanding Business Objectives Quiz

Which business objective refers to acting in the best interests of the environment by minimising damage to the natural environment?

• Corporate Image

• Concern for the Environment

• Social Responsibility

• Growth

What is the business objective that involves maximising revenues and minimising costs to generate a greater return for the owners?

• Survival

• Growth

• Profit Improvement/Profit Maximisation

• Social Responsibility

Which business objective aims to have a good reputation and be well thought of by its customers?

• Corporate Image

• Concern for the Environment

• Growth

• Survival

What is the term for acting in a way that benefits society, stakeholders, and the environment, including activities like CSR and supporting charities?

• Growth

• Social Responsibility

• Profit Improvement/Profit Maximisation

• Corporate Image

Which business objective refers to any form of expansion of a business, such as increased sales or market share?

• Survival

• Growth

• Corporate Image

• Concern for the Environment

What is the objective of recovering from a loss-making position and attempting to break even?

• Survival

• Growth

• Profit Improvement/Profit Maximisation

• Social Responsibility

Which of the following is an example of a business focusing on its corporate image?

• Reducing waste and recycling

• Sponsoring local community events

• Using branding and advertising

• Entering new markets

A company decides to increase its market share by entering new markets. Which business objective does this action align with?

• Survival

• Growth

• Corporate Image

• Social Responsibility

A business reduces its prices to maintain regular sales and remain operational. Which business objective is this an example of?

• Profit Improvement/Profit Maximisation

• Growth

• Survival

• Concern for the Environment

Which business objective involves cooperating with the local community and engaging in CSR activities?

• Corporate Image

• Social Responsibility

• Growth

• Profit Improvement/Profit Maximisation