1.3.1 Business Aims & Objectives

1.3.1 Business Aims & Objectives

9th Grade

30 Qs

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1.3.1 Business Aims & Objectives

1.3.1 Business Aims & Objectives

Assessment

Quiz

Business

9th Grade

Practice Problem

Hard

Created by

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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a business aim?

A legal requirement for all businesses

A short-term plan to reduce costs

A long-term goal a business wants to achieve

A financial report to shareholders

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by a business objective?

A slogan used in marketing

A measurable step to help achieve an aim

A product launch date

A type of loan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a financial aim?

Gaining independence

Helping the community

Survival

Personal satisfaction

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An objective must be…

Vague and flexible

Measurable and specific

Emotional and personal

Written by investors

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a non-financial objective?

Earning a profit

Increasing sales

Personal satisfaction

Maximising market share

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do businesses set objectives?

To avoid paying tax

To measure progress and success

To hire more staff

To get discounts from suppliers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a SMART objective?

Sustainable, Market-driven, Aimed, Reliable, Targeted

Sales, Marketing, Advertising, Revenue, Turnover

Specific, Measurable, Achievable, Realistic, Time-bound

Safe, Measured, Approved, Ranked, Tested

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