Aims and objectives (Edexcel GCSE Business): Quizzes
📚Quizzes
Practise the questions
11 questions from this quiz
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Practise the questions
11 questions from this quiz
What are financial objectives measured in?
What are financial objectives measured in?
Monetary terms
Which best describes non-financial objectives?
Which best describes non-financial objectives?
Personal nature, helping others
How do aims differ from objectives?
How do aims differ from objectives?
Aims are broad, objectives specific
What type of objectives do most successful businesses develop?
What type of objectives do most successful businesses develop?
SMART objectives
What is often the most immediate concern for new businesses?
What is often the most immediate concern for new businesses?
Survival
What do sales and sales revenue objectives help start-ups achieve?
What do sales and sales revenue objectives help start-ups achieve?
Build customer base & market presence
What does achieving a profit objective mean?
What does achieving a profit objective mean?
Income exceeds all business costs
What does the independence objective appeal to?
What does the independence objective appeal to?
People wanting to be their own boss
What does personal satisfaction come from for business owners?
What does personal satisfaction come from for business owners?
Building something meaningful
Why are non-financial objectives important for long-term success?
Why are non-financial objectives important for long-term success?
They maintain motivation & build reputation
Why do successful businesses set both financial and non-financial objectives?
Why do successful businesses set both financial and non-financial objectives?
Profit focus alone harms staff motivation