Business Objectives Quiz

Which of the following is a common business objective?

• Increasing market share

• Reducing employee benefits

• Limiting production

• Decreasing customer satisfaction

Match the following business objectives with their descriptions:

• Achieving the highest possible financial gain

• Customer Satisfaction

• Ensuring the business continues to operate

• Profit Maximization

• Meeting or exceeding customer expectations

• Survival

• Expanding the business's size or market presence

• Growth

A business objective focused on (a)   involves expanding the company's size or market presence.

• Profit Maximization

• Growth

• Survival

• Customer Satisfaction

What is the term for entrepreneurship within an existing organization?

• Intrapreneurship

• Extrapreneurship

• Micropreneurship

• Solopreneurship

Match the following terms with their definitions: Autocratic management style, Job rotation, Flexible working.

• Flexible working

• A practice of moving employees between different tasks to promote experience and variety

• Job rotation

• A management style where decisions are made by one person

• Autocratic management style

• A work arrangement that allows for a variable schedule

Which of the following is not a primary business objective?

• Survival

• Profit maximisation

• Employee welfare

• Market share

Match the following business objectives with their descriptions: Survival, Profit maximisation, Social objectives.

• Achieving the highest possible profit

• Profit maximisation

• Ensuring the business continues to operate

• Survival

• Focusing on community and environmental goals

• Social objectives

One of the other objectives of a business is (a)   maximisation.

• Sales

• Employee

• Cost

• Social

Match the following aims with their categories: 1) To get a part time job 2) To become a YouTube sensation 3) To learn to drive

• To get a part time job

• Entertainment

• To learn to drive

• Career

• To become a YouTube sensation

• Skill Development

What is a business objective?

• A random goal

• A goal or aim a business wants to achieve

• A vague idea

• A personal aim.