Business Objective & Strategy 0.0 / 5 ? Businessbusiness objective & strategyA2/A-levelEdexcel Created by: Sophia BoothCreated on: 25-09-19 21:16 What does strategy mean? what the business wants to achieve and how they will achieve it. 1 of 7 What are the typical business aims? growth, profit and survival. 2 of 7 What does growth allow benefits of? EOS, market leadership and higher profits. 3 of 7 What are mission statements? declare the business' purpose and may reflect goals and values. 4 of 7 Who sets corporate objectives? managers and directors of business. 5 of 7 Are corporate objectives SMART? yes, they should be also specific and set well within mission statements. 6 of 7 What are department/functional objectives? specific to department and set more day to day goals. 7 of 7
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