Business Objectives

Business Objectives

Test Your Knowledge

  1. Define business objectives
  2. Explain the purpose of a business having objectives
  3. Explain what “meeting shareholder expectations” means
  4. Describe the objectives ‘to improve efficiency’ and ‘to improve effectiveness’
  5. Peter has recently started a furniture manufacturing private limited company. Outline two business objectives Peter should have for his business and outline why they are important
  6. Describe the concept of market share
  7. Outline a business that has has the objective ‘to fulfil a social need’
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