Chapter 2 Business Objectives Flashcards Edition

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Flashcards by 18kusumoa, updated more than 1 year ago
18kusumoa
Created by 18kusumoa about 5 years ago
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Flashcards for chapter 2 business objectives. A great way to revise.

Resource summary

Question Answer
What is a business objective? Something that gives a goal for the business and keep things in check.
How can a objective effect a business? Because it give people a purpose to what they are doing and will try to reach and achieve that goal.
Is it vital to have a objective in a business? Yes as this will effect the companies for most of behaviour and reasoning.
What does S.M.A.R.T mean? Specific Measurable Achievable Realistic Time specific
What kind of objectives do companies have if they are part of the Private sector? Survival Profit Growth and wealth creation Increase market share Image, reputation and social responsibility
What kind of objectives do companies have if they are part of the Public sector? Increase special needs provision in school Increase response time of emergency services Reducing specific crime rates Increasing the number of students entering higher education
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