WorksheetsBusiness objectives 1.5.3
Total questions: 15
Worksheet time: 8mins
Objectives focused on increasing sales = ???
Market share
Profit maximisation
Profit minimisation
Survival
Objectives solely focused on increasing profits = ???
Employee welfare
Social objectives
Cost efficiency
Profit maximisation
What a business wants to achieve in the long term = ???
Aim
Objective
Target
Motive
Goals or targets that need to be met in order to achieve an aim = ???
Market share
Mission statement
Objectives
Aim
The portion of a market controlled by a particular company or product = ???
Customer loyalty
Market share
Sales revenue
Gross profit
Objectives focused on reducing costs = ???
Cost maximization
Cost focus
Cost efficiency
Cost differentitation
Objectives based on meeting the needs of their staff = ???
Customer satisfaction
Employee welfare
Consumer protection
Shareholder welfare
Objectives based on meeting the needs of their customers = ???
Customer satisfaction
Consumer protection
Sales maximization
Customer rapport
Objectives that show that the business cares about making a positive contribution to society = ???
Economic objectives
Political objectives
Social objectives
Legal objectives
An attempt to sell as much as possible in a given time period = ???
Cost minimisation
Sales maximisation
Market share
Sales welfare
Objectives focused on avoiding liquidation = ???
Ergonomic
Environmental
Social
Survival
Making enough profit to satisfy the need of the business owners = ???
Profit satisficing
Profit maximisation
Profit minimisation
Profit focus
Providing employment for people in the local area = ???
Legal objective
Environmental objective
Political objective
Social objective
Providing a clean, safe working environment = ???
Shareholder welfare
Employee welfare
Consumer welfare
Social welfare
Business objectives need to be what ???
BONIFIDE
REAL
SMART
BINARY
