Mission Statements and Objectives (AQA A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the primary purpose of a mission statement?
What is the primary purpose of a mission statement?
To set out the core purpose and focus
Which THREE objectives are identified as most common for businesses?
Which THREE objectives are identified as most common for businesses?
Survival, growth, and profit
In SMART objectives, what does the 'M' stand for?
In SMART objectives, what does the 'M' stand for?
Measurable
What is at the TOP of the hierarchy of objectives?
What is at the TOP of the hierarchy of objectives?
Mission statement
What does CSR stand for in business objectives?
What does CSR stand for in business objectives?
Corporate social responsibility
Which costs vary directly with output?
Which costs vary directly with output?
Variable costs
Which is an example of a fixed cost?
Which is an example of a fixed cost?
Rent
What is the formula for calculating profit?
What is the formula for calculating profit?
Total revenue - total cost
What is another term for revenue?
What is another term for revenue?
Turnover
Why do businesses set objectives?
Why do businesses set objectives?
For measurable performance and motivation