Business Objectives – 2nd Term Quiz

What is a business objective?

• A personal goal of an employee

• A target a business aims to achieve

• A law that businesses must follow

• A customer’s expectation

Why do businesses set objectives?

• To confuse their employees

• To avoid paying taxes

• To have a clear direction and goal

• To stop selling products

Which of the following is a common business objective?

• Reducing customers

• Increasing profits

• Avoiding competition

• Selling at a loss

A business that aims to help the community is focused on:

• Profit maximization

• Social responsibility

• Market expansion

• Reducing employees

Which business objective is most important for a charity?

• Profit maximization

• Helping society

• Selling at the highest price

• Expanding globally

If a business wants to attract more customers, which objective should it focus on?

• Providing quality products and services

• Increasing prices

• Reducing customer service

• Limiting product availability

A business that aims to maximize profit should:

• Decrease sales

• Reduce costs and increase revenue

• Ignore customer feedback

• Stop advertising

How can a business show social responsibility?

• Ignoring environmental concerns

• Treating employees fairly and ethically

• Reducing product quality

• Refusing to pay taxes

Which of these is NOT a profit-making objective?

• Expanding to new markets

• Reducing waste to help the environment

• Increasing sales revenue

• Lowering production costs

What is an ethical business practice?

• Overcharging customers

• Paying workers fairly

• Selling low-quality products

• Ignoring customer complaints