business objectives

• What is the primary objective for a business at the start?

  Survival
• Why do businesses focus on cost management and sales revenue?

  To achieve survival objectives
• What do businesses aim to improve regarding their image?

  Stakeholder perception
• How does employee motivation affect business costs?

  It reduces recruitment expenses
• What is a key objective for larger businesses looking to expand?

  Increasing sales and market share
• What are some ways a business may seek growth?

  Increasing sales or number of employees
• What is a common aim of many private sector businesses?

  Making a profit
• What does increasing market share mean for a business?

  Increasing sales proportion within the industry
• What are the main aims of private sector businesses?

  • Build a strong reputation
  • Innovate and develop
  • Gain customers and brand loyalty
  • Increase revenue and profit
• What are the main aims of public sector businesses?

  • Providing healthcare services to citizens
  • Offering support and advice to the population
  • Improving education
• How do the aims of private sector businesses differ from public sector businesses?

  Private sector focuses on profit, public on services