Business Aims and Objectives

A short quiz testing the aims and objectives of a business for the BCS GCSE course on the AQA board

  • Created by: Taylor
  • Created on: 31-10-12 11:20
What is a business aim?
What the business hopes to acheive as a result of its work
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What is a business objective?
Activities or targets that the buisiness sets itself in order to achive the aims
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What is a mission statement?
A short phrase that is used to describe the purpose of or the reason for the existance of the business
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How can a company Maximise Profits?
Keeps costs low and revenue high
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What is 'market share'?
The percentage of ther total market the business has
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Why is a main business aim to 'survive'
Because a recent economic downturn makes it difficult for business to stay open
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What is breaking even?
When a business makes neither a profit nor loss
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How might a business 'grow'?
Achieveing any of their objectives, increasing profit, increasing number of stores
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What are examples of non financial aims?
Fof the employer to gain a better quality of life, for the busienss to have a better reputation
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Other cards in this set

Card 2

Front

What is a business objective?

Back

Activities or targets that the buisiness sets itself in order to achive the aims

Card 3

Front

What is a mission statement?

Back

Preview of the front of card 3

Card 4

Front

How can a company Maximise Profits?

Back

Preview of the front of card 4

Card 5

Front

What is 'market share'?

Back

Preview of the front of card 5
View more cards

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