Business Aims and Objectives Quiz

Business Aims and Objectives Quiz

12th Grade

25 Qs

quiz-placeholder

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Business Aims and Objectives Quiz

Business Aims and Objectives Quiz

Assessment

Quiz

Financial Education

12th Grade

Medium

Created by

Lenna Alexandre

Used 1+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a primary aim of a private business?

Service provision

Raising funds

Profit

Meeting government standards

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an aim for a not-for-profit organisation?

Market leadership

Diversification

Raising funds

Competitiveness

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key objective for a public sector organisation?

Growth

Cost control

Surplus generation

Efficiency

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which aim is essential for a business to ensure its basic functioning?

Market leadership

Survival

Growth

Diversification

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a short-term business tactic?

Long-term strategic plan

Quarterly sales promotion

Five-year operational plan

Annual product launch

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term "market leadership" refer to?

Being the most expensive in the market

Having the largest market share

Being the most efficient

Having the highest profits

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which business aim focuses on maintaining a competitive edge?

Growth

Efficiency

Competitiveness

Survival

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