Corporate Objectives (Edexcel 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
Who sets corporate objectives in a business?
Who sets corporate objectives in a business?
Senior managers and directors
What does the 'M' in SMART objectives stand for?
What does the 'M' in SMART objectives stand for?
Measurable
What are the two primary purposes of mission statements?
What are the two primary purposes of mission statements?
Customer commitment & workforce unity
How do aims differ from objectives?
How do aims differ from objectives?
Aims are broad; objectives are specific
What does 'Realistic' mean in SMART objectives?
What does 'Realistic' mean in SMART objectives?
Achievable within available resources
What type of objectives do large firms predominantly focus on?
What type of objectives do large firms predominantly focus on?
Financial objectives
Where must all departmental objectives refer back to?
Where must all departmental objectives refer back to?
Corporate objectives & mission statement
When do mission statements lose credibility?
When do mission statements lose credibility?
When they don't align with business behaviour
What is at the top of the objectives hierarchy?
What is at the top of the objectives hierarchy?
Aims
What does 'Time specific' mean in SMART objectives?
What does 'Time specific' mean in SMART objectives?
Needs a stated timeframe for achievement