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Business objectives 1.5.3

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Objectives focused on increasing sales = ???

a)

Market share

b)

Profit maximisation

c)

Profit minimisation

d)

Survival

2.

Objectives solely focused on increasing profits = ???

a)

Employee welfare

b)

Social objectives

c)

Cost efficiency

d)

Profit maximisation

3.

What a business wants to achieve in the long term = ???

a)

Aim

b)

Objective

c)

Target

d)

Motive

4.

Goals or targets that need to be met in order to achieve an aim = ???

a)

Market share

b)

Mission statement

c)

Objectives

d)

Aim

5.

The portion of a market controlled by a particular company or product = ???

a)

Customer loyalty

b)

Market share

c)

Sales revenue

d)

Gross profit

6.

Objectives focused on reducing costs = ???

a)

Cost maximization

b)

Cost focus

c)

Cost efficiency

d)

Cost differentitation

7.

Objectives based on meeting the needs of their staff = ???

a)

Customer satisfaction

b)

Employee welfare

c)

Consumer protection

d)

Shareholder welfare

8.

Objectives based on meeting the needs of their customers = ???

a)

Customer satisfaction

b)

Consumer protection

c)

Sales maximization

d)

Customer rapport

9.

Objectives that show that the business cares about making a positive contribution to society = ???

a)

Economic objectives

b)

Political objectives

c)

Social objectives

d)

Legal objectives

10.

An attempt to sell as much as possible in a given time period = ???

a)

Cost minimisation

b)

Sales maximisation

c)

Market share

d)

Sales welfare

11.

Objectives focused on avoiding liquidation = ???

a)

Ergonomic

b)

Environmental

c)

Social

d)

Survival

12.

Making enough profit to satisfy the need of the business owners = ???

a)

Profit satisficing

b)

Profit maximisation

c)

Profit minimisation

d)

Profit focus

13.

Providing employment for people in the local area = ???

a)

Legal objective

b)

Environmental objective

c)

Political objective

d)

Social objective

14.

Providing a clean, safe working environment = ???

a)

Shareholder welfare

b)

Employee welfare

c)

Consumer welfare

d)

Social welfare

15.

Business objectives need to be what ???

a)

BONIFIDE

b)

REAL

c)

SMART

d)

BINARY