________ are people who have a direct interest in the performance & activities of a business.
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social enterprise
A(n) ________ has social objectives as well as am aim to make a profit to reinvest back into the business.
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Job security
________- workers dont want to look for new jobs frequently.
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Financial objectives
________: To make a profit to invest back into the social enterprise to expand the social work that it performs.
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Business objectives
________ gives workers & managers a clear target to work towards.
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Social objectives
________: to provide jobs & support for disadvantaged groups in society, such as the disabled or homeless.
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Business Objectives
A business objective is an aim or a target that a business collectively works towards
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Increasing share price
managers can try to achieve this not just by making profits but by putting plans in place that give the business a good chance of growth & higher profits in the future
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Social objectives
to provide jobs & support for disadvantaged groups in society, such as the disabled or homeless
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Environmental objectives
To protect the environment
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Financial objectives
To make a profit to invest back into the social enterprise to expand the social work that it performs
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Financial
meet profit targets set by the govt
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Service
Provide a service to the public & meet quality targets set by the govt
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Social
Protect or create employment in certain areas → especially poorer regions with higher level or unemployment
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Job security
workers dont want to look for new jobs frequently
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Expect all firms to stay with the law
law affects business activity
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Business objective
Helps to make a business successful (but doesn't guarantee success). This gives workers & managers motivation & clearer targets
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Business Survival
Most important for new-start ups or when economy is moving into recession. New competitors also cause insecurity
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Profit
the total income of a business (revenue) minus total costs
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Market share percentage =
(Company sales / total market sakes) x 100
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Social enterprises
Businesses run by private individuals, but they have social (providing jobs for the disadvantaged) & environmental goals
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Stakeholders
A person or a group of people with a direct interest in the performance & activities of a business. They can be external & internal
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Returns to shareholder
The managers of a company often set the objective of increasing returns to shareholders. This is done to discourage shareholders from selling their shares & helps the managers to keep their jobs
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Growth can only be achieved when
the customers are satisfied the product / service provided
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Social objectives
To provide jobs & support disadvantageous groups in society
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Environmental Objectives
To protect the environment
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Financial Objectives (for social enterprises)
To make a profit to invest back into the social enterprise to expand the social work that it performs
Studied by 9 people
