UB - Objectives

Question 1

Factors affecting objectives

Answer 1

• sector of economy
• size of organisation
• changing circumstances, environmentally friendly

Question 2

Advantages of growth

Answer 2

• economies of scale, bulk buying
• increases profits, more stores and employees = more to sell
• avoids takeover, bigger businesses aim to buy smaller businesses

Question 3

MSS

Answer 3

• maximising profits
• survival
• satisficing

Question 4

PIM

Answer 4

• provide a quality service
• increasing market share
• managerial objectives

Question 5

WSC

Answer 5

• working within a budget
• sales maximisation
• corporate social responsibility (CSR)