
3.1.3 Setting Business Objectives
Authored by J-L Langford
Business
10th - 11th Grade
Used 4+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following best describes a business objective?
It sets out specifically how a business aim can be met in a certain time
It is a general goal of the business
It is a qualitative statement that is displayed publicly in the firm
It is target that will never change
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Budget airline, easyJet aims to reduce fuel usage and carbon emissions of its aircraft. This is an example of:
A social objective
An environmental objective
A shareholder objective
A profit objective
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
UK supermarket, Tesco has opened stores all over the world. Which of the following objectives has the supermarket met?
A Increasing customer satisfaction
International growth
Profit maximisation
Increasing shareholder value
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following statements best defines the term market share?
The increase in total sales made by a business
The percentage increase in sales made by a business
The increase in total market sales
The percentage of total market sales made by one business
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
British cosmetics business, Lush makes products such as soaps and shampoos. It does not buy ingredients that have been tested on animals. This is classed as:
A growth objective
An ethical objective
A profit objective
A shareholder objective
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following organisations is likely to have social considerations as its main aim?
EE
ALDI
OXFAM
H&M
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following is the main aim of a not-for-profit organisation?
Growth
Profit maximisation
Increase market share
Benefit society
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