Business Objectives Quiz
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Questions and Answers

What is the primary aim of survival for new or small firms and those in highly competitive markets?

  • Survival (correct)
  • Profit maximization
  • Market domination
  • Customer satisfaction
  • Which factor makes decision making easier and less time consuming for businesses when objectives are set?

  • Clear targets (correct)
  • Sector of the business
  • Increased competition
  • Size of the business
  • What is the income of a business from its activities after deducting total costs?

  • Profit (correct)
  • Revenue generation
  • Economic growth
  • Profit maximization
  • What is the most common primary objective for private sector firms?

    <p>Profit making</p> Signup and view all the answers

    What does setting objectives help to reduce in a business?

    <p>Conflict</p> Signup and view all the answers

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