Business - business objectives

?
  • Created by: Hlp2000
  • Created on: 13-12-16 14:40
View mindmap
  • typical  business objectives for start-ups
    • survival
      • the ability of a business to continue to exist
        • has the business enough cash to meet day to day expenses
    • profit
      • making a decent profit is essential in order to stay in business
        • how does the actual profit compare to target profit
    • customer satisfaction
      • repeat  custom, avoiding negative publicity with positive word of mouth
        • what are customers saying? is feedback positive?
    • market share
      • increase the percentage of the total market share that one particular business owns
        • what is the businesses market share
    • ethical
      • doing the morally correct thing can attract customers
        • has it kept promises? is it guilty of any unethical activities
    • growth
      • has it grown- increased sales or launched a new product

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Starting a business resources »