Business objectives and departments 4.0 / 5 based on 1 rating ? Business StudiesMarketing and competitive environmentsMarketing mixOperations managementA2/A-levelOCR Created by: Michaela96Created on: 23-01-14 12:02 Define a market Where buyers and sellers meet to exchange goods and services 1 of 12 Define marketing identifying, anticipating and satisfying customer needs 2 of 12 Give 6 business objectives Survival, Market share, Profit, Growth, Breakeven, Brand Identification 3 of 12 Define business objectives What a business achieves a whole 4 of 12 What does the acronym SMART stand for? Specific, measurable, achievable, realistic, timely 5 of 12 State 6 departments of a business Marketing, HR, Financial, Purchasing, Sales, Production 6 of 12 Give 3 objectives the marketing department may have Increase brand identification, awareness, increased sales 7 of 12 Give 2 objectives of the HR department Increase employment, decrease labour turnover 8 of 12 Give 2 objectives of the financial department Profit, set and stick to budgets 9 of 12 Give 3 objectives the purchasing department may have decrease prices of raw materials, increase loyalty of suppliers, good quality materials 10 of 12 Give 2 objectives of the sales department To retain market share and meet targets 11 of 12 Give 2 objectives of the production department Decrease waste, work at capacity utilisation 12 of 12
BUSS3 Chapter 1 notes - Business Objectives and strategies - AQA A2 Business Studies Unit 3 Chapter 1 notes 4.5 / 5 based on 3 ratings
Chapter 1 notes - BUSS3 - Using objectives and strategies - AQA A2 Business Studies Unit 3 5.0 / 5 based on 1 rating
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