1.3.1 - Business Aims and Objectives Flashcards Preview

GCSE Edexcel - Business definations and equations > 1.3.1 - Business Aims and Objectives > Flashcards

Flashcards in 1.3.1 - Business Aims and Objectives Deck (7)
Loading flashcards...
1

Market Share:

Market Share: a proportion of sales in a market that are taken by one business

2

Profit:

Profit: The amount of revenue left over once costs have been deducted

3

Social Objective:

Likely to be non-financial, such as to reduce the carbon emissions of a business or improve the quality of life for a local community

4

What factors doing you consider when making a smart target?(Objective)

OBJECTIVE
- Specific
- Measurable
- Achievable
-Realistic
-Time Restricted.

5

List 5 finacial aims or objectives

-Survival
-Profit
-Sales
-Market share
-Financial Security

6

Aims

Are the purpose of a busines and what it hopes to achive in the long term.

7

Objective

- Are the short term to medium term targets of a busines organisation, e.g. survival, growth, market share etc.