business objectives and stakeholders

A statement of specific target to be achieved. They should be SMART.

• Objective

• Profit

• Revenue

• Delegation

M in SMART stands for:

• Modest

• Meaningful

• Money

• Measurable

Which of the following is not a business objective?

• Corporate social responsibility

• Market share

• Growth

• Realistic

A business with social objectives that reinvests most of its profits back into the business or into benefiting society at large.

• Social network

• Social enterprise

• Corporation

• Multinational company

Organizations of like-minded people who put pressure on businesses and government to change their policies to reach a predetermined objective.

• Pressure groups

• United nations

• Peer groups

• Social groups

An Individual or group which has interest in business because they are affected by its activities and decisions.

• Shareholders

• Travellers

• Stakeholders

• Students

Owners, shareholders, managers and employees are:

• Internal stakeholders

• External stakeholders

• Intruders

• Supporters

Lenders, suppliers, customers, government, and local community are:

• Business stakeholders

• Pressure groups

• External stakeholders

• Managers

Businesses, people, and environment which a company belongs/operates originally is called:

• Local community

• Country

• Hometown

• Union

One of the claimed benefits of having clear objectives is that

• all customers know what the business is trying to achieve
• the managers have a sense of direction when taking decisions
• the business will always make a profit
• there will be no arguments between managers and workers