Business objectives

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7 Terms

1
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objectives

a statement of a specific target to be achieved by a business

2
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objectives need to be _____

Specific

Measurable

Achievable and agreed

realistic and relevant

time-specific

3
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How do objectives help

help managers develop a plan for the business

4
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Business objectives (5)

survival

profit

growth

market share

corporate social responsibility

5
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market share

the revenue of a business expressed as a percentage of total market revenue

6
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corporate social responsibility

business taking responsibility for the impact their activities might have on society and the environment

7
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social enterprise

a business with social objectives that reinvests most of its profits back into the business or into benefiting society at large