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GCSE Business 2020-2022 OCR

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Question:

Some examples of Objectives?

Author: go kys



Answer:

-Survival. Entrepreneurs may struggle their idea wasn't as good, or the market was too tough making it hard to make profit. -Profit Maximisation. Profit is usually the main objective as well its a reward for the Owners for putting time and effort in. -Market Shares/Sales Maximisation. Businesses may focus on increasing their market share, or even becoming the market leader -Growth. Again a majority of businesses want to grow. This can increase Profits and the Value of the Business. Growth can be local, national or international. -Social/Ethical Responsibility. Businesses are aware of their impact or responsibilities on Society, and change to it -Customer Satisfaction. Businesses ride on the train to provide quality serives/goods to their customers -Shareholder Value. The Shareholders notice how their dividend pay will be. Or the Share Price


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go kys
go kys