Financial Objectives & Constraints

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  • Created by: sarah
  • Created on: 11-12-12 15:00

Objectives outline what a business wishes to achieve, in financial terms, within a time period.

Constraints are internal and external factors affecting the firm's ability to achieve objectives.

Constraints

Internal Constraints

  • Financial objectives- can be constrained by a lack of cash flow, especially at a time of rising demand
  • Personnel- do staff have the skills required to achieve goals?
  • Business type- new businesses may have difficulty assessing the market
  • Operations- a firm with a higher capacity…

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