Business Aims and Objectives

0.0(0)
studied byStudied by 0 people
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/6

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

7 Terms

1
New cards

What is a business aim?

The overall long-term target or goal of the business.

2
New cards

What is a business objective?

The short-term steps a business needs to take to meet its overall aims.

3
New cards

What 2 categories do business aims and objectives fall into?

Financial and non-financial.

4
New cards

What are financial aims and objectives linked to?

Linked to money and cover.

5
New cards

What are examples of financial aims and objectives?

  • Business survival.

  • Profit maximisation

  • Growth

  • Market share

  • Increasing shareholder value.

6
New cards

What are non-financial aims and objectives linked to?

Anything other than making money for the business.

7
New cards

What are non-financial aims and objectives categorised into?

  • Social and Ethical objectives.

  • Customer Satisfaction.