Business Objectives

Question 1

Explain the importance of business objectives

Question 2

What are the smart objectives?

Question 3

Mention the objectives of a private sector organisation

Question 4

Explain profit maximisation

Question 5

Why is profit important for businesses?

Question 6

How can we assess if the profit generated is satisfactory?

Question 7

What are the limitations of profit maximisation as a business objective?

Question 8

Explain profit satsficing

Question 9

Define growth

Question 10

Why would businesses set growth as an objective?

Question 11

What are the limitations of the objective businesses growth?

Question 12

Define the term market share

Question 13

Why does a business wish to increase market share?

Question 14

How can a business increase market share?

Question 15

Define the term competitive market

Question 16

Define the objective survival

Question 17

What are the reasons a business set survival as an objective?
Explain the three different situations

Question 18

Define CSR

Question 19

What are the objectives of a public sector organisation?
-Mention the typical objectives

Question 20

Mention the factors determining business objectives

Question 21

Explain corporate culture

Question 22

Explain size and legal form of business

Question 23

Explain public or private sector

Question 24

Explain number of years the business has been operating as a factor determining business objective

Question 25

What is the hierarchy of objectives and how does it help?

Question 26

Explain corporate aims

Question 27

What are the positives of corporate aims?

Question 28

Define mission statement

Question 29

What are the positives of a mission statement?

Question 30

What are the limitations of a mission statement?

Question 31

Explain corporate objectives

Question 32

What are the divisional or departmental objectives?

Question 33

What are the individual objectives?

Question 34

What are the three reasons objectives change overtime?

Question 35

explain the process of translating objectives into targets and budgets

Question 36

What are the benefits of communicating objectives to employees

Question 37

How can objectives be communicated to employees?

Question 38

How do ethics influence business objectives?

Question 39

What are the benefits of considering ethics in decision-making?

Question 40

What are the drawbacks of considering ethics in decision-making?