AQA ­ BUSS3 tutor2u Business Blog ­ Specification Map
Functional Objectives and Strategies This section introduces candidates to functional objectives
and strategies, and examines their appropriateness in the context of corporate objectives.
Specification Amplification
Using Objectives and Strategies
· functional objectives and their relationship with corporate objectives
· the relationship…

profitability (ROCE), financial efficiency (asset turnover, inventory [stock] turnover, payables
[creditor] and receivables [debtor] days), gearing and shareholder ratios (dividend per share and
dividend yield).
Selecting Financial Strategies
· raising finance
· implementing profit centres
· cost minimisation
· allocating capital expenditure.
Candidates should understand how these strategies interrelate with…