business objectives

Question 1

make a profit

Answer 1

Profits is essential for any business to survive and grow

• generate more revenues than expensive
• profits can be reinvested into the business for it to grow

Question 2

increase market shear

Answer 2

A business typically wants to increase its market share to become more competitive within an industry
- increase sales usually means a business can also increase their profit

Question 3

fulfill a social need

Answer 3

.A business fulfills a social need by improving the community and environment through its business activities
.A community can face issues such as lack of poverty and or drug or abuse
.Fuffiling a social need often improves business reputation which can increase sales and therefore market share