Business AIms and objectives (1.1.2) 0.0 / 5 ? Business StudiesBusiness AIms and objectives (1.1.2)ASAQA Created by: lee42Created on: 23-05-19 10:17 What is the purpose corporate aim? It allows to achieve the overall mission 1 of 6 What are corporate objectives? These are specific tasks and activities a business must accomplish to satisfy its corporate objectives 2 of 6 What is a SMART objective? S-specific, M-measurable, A-agreed, R-realistic, T-timely 3 of 6 What is profit maximisation? Its a business objective which requires a business to achieve the required level of profit 4 of 6 Name three other business objectives? Survival, growth and social objectives 5 of 6 What are the benefits of setting objectives? One would be that it provides direction and support planning operations. Secondly, it allows to coordinate resources 6 of 6
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