Business Objectives Quiz

What are the objectives of a business described as?

• A. The foundation of marketing

• B. The cornerstone of every business

• C. The key to financial success

• D. The basis of customer satisfaction

What happens to a business without objectives?

• A. It becomes more profitable

• B. It operates without direction

• C. It gains more customers

• D. It reduces its expenses

What is one of the economic objectives of business related to customers?

• Market Share / Creation of Customers

• Employee Training

• Community Service

• Environmental Sustainability

What is necessary for the modernization and augmentation of business activities?

• New technology

• Profit

• Government support

• Employee training

What must a business supply to generate profit and demand?

• Low-cost products

• Premium quality and value for money products

• Unique products

• High quantity products

What is the primary goal of a business according to Drucker?

• To generate profits

• To create a customer

• To expand market share

• To innovate products

Why is it important for a businessman to introduce efficient design and latest trends?

• To reduce costs

• To keep up with the growing competition

• To increase the number of employees

• To decrease production time

What does the text suggest about the resources of a business?

• They are unlimited

• They are limited

• They are always increasing

• They are always decreasing

What does the text suggest about the use of capital in large corporations?

• It is mainly used for marketing

• It is invested in the Research & Development department

• It is used to increase the number of employees

• It is used to reduce production time

What is usually the last objective in business activities but just as important?

• Profit

• Market share

• Productivity

• Employee satisfaction