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WorksheetsUnit 1 What is business mission, objectives
Total questions: 10
Worksheet time: 3mins
A farmer supplying Tesco =
B2C
B2B
SME =
Small and modest entrepreneurs
Sizeable and modern enterprises
Small and medium enterprises
Small and medium entrepreneurs
Another word for objective :
task
target
test
trial
Mission statement : To inspire and nurture the human spirit - one person, one cup and one neighborhood at a time
Costa
Cafe Nero
Lavazza
Starbucks
Functional objectives are set for :
individuals
departments
Example of an H.R. objective :
increase brand recognition
Update production machinery
Recruit 50 more workers
Borrow £50,000 more money
The 'M' in SMART objectives :
meaningful
measurable
motivational
marginal
The 'T' in SMART objectives
Timed
Testing
Trying
Typed
The functional area for Stock control, Production, Deliveries :
Finance
Marketing
Operations
HR
An ethical objective :
maximise profit
pay suppliers fairtrade price
reward shareholders
increase market share
