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Business Foundations (AOS 1)
business objectives
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OralHeron45037
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Cards (7)
Make a profit:
earn more revenue than spend on expenses
Increase market share:
increase % of sales in a market in relation to competitors
Improve efficiency:
reducing amount of resources wasted by business
Improve effectiveness:
improving degree to which a business achieves its objectives
Fulfil a market need:
providing something demanded by consumers
Fulfil a social need:
selling goods/services for the purpose of making the world better
Meet shareholder expectations:
make a profit, pay dividends, share price