676581
Description
Question 1
Question
Which of these Business Aims is most likely to be for a business currently in its first year?
Answer
-
Survive
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Expand
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Make a Profit
Question 2
Question
SMART Objectives:
What does the S stand for?
Answer
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Specific
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Similar
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Systematic
Question 3
Question
SMART Objectives:
What does the M stand for?
Answer
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Measurable
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Mathematical
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Marked
Question 4
Question
SMART Objectives:
What does the A stand for?
Answer
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Achievable
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Attainable
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Accessible
Question 5
Question
SMART Objectives:
What does the R stand for?
Answer
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Realistic
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Rational
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Reasonable
Question 6
Question
SMART Objectives:
What does the T stand for?
Answer
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Time-Specific
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Timed
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Term-Specific
Question 7
Question
Growth is a business Objective, and the Aim could be £10 million sales in the UK
Answer
- True
- False
Question 8
Question
Why have a business aim?
Answer
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They can be broken down to help specific functional areas understand what is required of them
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It can help Shareholders decide whether they want to invest
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It allows the CEO to tell his workforce what he alone wants them to do
Question 9
Question
Being Ethically and Socially responsible is an aim for all Businesses
Answer
- True
- False
Question 10
Question
Not all Companies Have a mission statement
Answer
- True
- False
Question 11
Question
Which of these are possible Business Aims
Answer
-
Customer Satisfaction
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Being Ethically responsible
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Achieve sales of £1.5 million
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Sales Growth
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Expansion
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Expand to 7 different outlets
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Cut down unethical labor by 15%
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Make a profit
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