Business AIms and objectives (1.1.2)

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  • Created by: lee42
  • Created on: 23-05-19 10:17
What is the purpose corporate aim?
It allows to achieve the overall mission
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What are corporate objectives?
These are specific tasks and activities a business must accomplish to satisfy its corporate objectives
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What is a SMART objective?
S-specific, M-measurable, A-agreed, R-realistic, T-timely
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What is profit maximisation?
Its a business objective which requires a business to achieve the required level of profit
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Name three other business objectives?
Survival, growth and social objectives
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What are the benefits of setting objectives?
One would be that it provides direction and support planning operations. Secondly, it allows to coordinate resources
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Card 2

Front

What are corporate objectives?

Back

These are specific tasks and activities a business must accomplish to satisfy its corporate objectives

Card 3

Front

What is a SMART objective?

Back

Preview of the front of card 3

Card 4

Front

What is profit maximisation?

Back

Preview of the front of card 4

Card 5

Front

Name three other business objectives?

Back

Preview of the front of card 5
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