business objectives

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