Which is the most likely aim for a start-up business?
Survival
Growth
Increase shareholder value
Which of the following is a financial objective?
To increase customer satisfaction
To reduce packaging by 20%
To increase profits by 10% in the next year
During a recession, what would most businesses change their objectives to focus on?
Increasing shareholder value
What is another name for a long-term target?
Objective
Aim
Mission statement
Which type of business is more likely to focus on social objectives?
Private limited company
Sole trader
Social enterprise
"To develop m-commerce" is an objective that is influenced by changes in which external factor?
Legislation
Technology
Ethical standards
What best describes a business objective?
A specific overall long term business target
A way to measure profit in a business
A specific target that helps a business achieve its aim
Which type of business could have the aim of increasing donations?
Charity
Partnership
What does the 'S' stand for in the acronym SMART?
Specific
Standard
Shared
Which is an example of a SMART objective?
Reduce costs
Reduce costs by 10%
Reduce raw material costs by 10% in 6 months