Business AIms and objectives (1.1.2)

  • Created by: lee42
  • Created on: 23-05-19 10:17
What is the purpose corporate aim?
It allows to achieve the overall mission
1 of 6
What are corporate objectives?
These are specific tasks and activities a business must accomplish to satisfy its corporate objectives
2 of 6
What is a SMART objective?
S-specific, M-measurable, A-agreed, R-realistic, T-timely
3 of 6
What is profit maximisation?
Its a business objective which requires a business to achieve the required level of profit
4 of 6
Name three other business objectives?
Survival, growth and social objectives
5 of 6
What are the benefits of setting objectives?
One would be that it provides direction and support planning operations. Secondly, it allows to coordinate resources
6 of 6

Other cards in this set

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
View more cards

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Business AIms and objectives (1.1.2) resources »