Business aims and objectives (OCR GCSE Business): Quizzes
📚Quizzes
Practise the questions
11 questions from this quiz
ShowHide
Practise the questions
11 questions from this quiz
What does the survival objective focus on for a business?
What does the survival objective focus on for a business?
Continuing for a long period of time
What does the profit objective aim to achieve?
What does the profit objective aim to achieve?
Maximising profits
Which of these can increase as part of a growth objective?
Which of these can increase as part of a growth objective?
Sales, profit or market share
Why might owners want to provide a good service to customers?
Why might owners want to provide a good service to customers?
To help more customers return in future
What is market share?
What is market share?
Amount of market controlled by a company
How can objectives motivate employees?
How can objectives motivate employees?
They all work towards a common goal
How can objectives help a business track performance?
How can objectives help a business track performance?
Help measure the success of the business
What benefit do clear targets from objectives give to employees?
What benefit do clear targets from objectives give to employees?
They can be more productive
Why might a business's objectives change as it grows?
Why might a business's objectives change as it grows?
Different stages of their development
What is typically the main objective for a brand new hometown shop?
What is typically the main objective for a brand new hometown shop?
To survive
What objectives might a multinational business have?
What objectives might a multinational business have?
Maximise profits & global domination