7. Goals of each department of a business (marketing, finance, operations, HR). The objectives set by each department should help the organisation to achieve it's corporate objectives, and ultimately its mission.
Mission
Functional Objectives
Mission Statement
Business Objectives
Corporate Objectives
8. Another reason why businesses exist
To achieve the objectives a business sets itself - profit, growth, survival, cash flow, social and ethical objectives
To change thier marketing mix
To have fun
To increase market share
9. Which are the 5 common business objectives?
Survival, stock rotation, break-even, profit, social and ethical
10. Goals that must be achieved in order to realise the mission/aims of an individual team. They are medium to long-term.
Corporate Objectives
Business Objectives
Functional Objectives
Mission Statement
Mission
11. Qualitative statement of an organisation's aims that uses language intended to motivate employees and convince customers, suppliers and those outside the firm of it's sincerity and commitment.
Mission
Mission Statement
Functional Objectives
Business Objectives
Corporate Objectives
12. Diversification, market standing meeting the needs of other stakeholders could also be examples of: