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Question 8
The 'objectives of a business' are: A negative comments from the local community B the buildings and equipment the business owns C the items the business makes an... show full transcript
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Answer
The correct option is D. The objectives of a business generally refer to the goals or aims that the business sets to achieve in the course of its operations. This can include financial goals, growth targets, and other key performance indicators that guide a company's strategy. Unlike the other options, which refer to negative aspects, physical assets, or the products made and sold, 'what the business intends to achieve' captures the essence of a business's purpose and direction.
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1.1 Role of business enterprise and entrepreneurship
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1.2 Business planning
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1.3 Business ownership
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1.4 Business aims and objectives
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1.5 Stakeholders in business
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1.6 Business growth
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2.1 Role of marketing
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2.2 Market research
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2.4 The marketing mix
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3.2 Organisational structures and different ways of working
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3.3 Communication in business
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3.5 Motivation and retention
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3.6 Training and development
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4.1 Production processes
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4.2 Quality of goods and services
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4.3 Sales processes and customer service
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4.4 Consumer law
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4.6 Working with suppliers
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5.1 Role of the finance function
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5.2 Sources of finance
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5.3 Revenue, costs and profits
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5.5 Cash and cash flow
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6.2 The economic climate
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