Menu

1.3.1 Business aims and objectives - Match-up

Match-up definitions and answers with key terms and examples. Press submit to check your answers.

Business aim
Business objective
Survival
Profit
Sales
Market share
Financial security
Social objectives
Personal satisfaction
Independence
Financial aims
Non-financial aims
Challenge
Control


Answers
The target of an entrepreneur working for themselves rather than being employed by another person.
The most important target of many new businesses, keeping the business open and trading.
Targets of a start-up that relate to money, such as raising income or covering costs.
The enjoyment an entrepreneur gets from selling a product they believe in and improving on what rivals offer.
The target of an owner having the final say over decisions, such as what the business sells.
The amount of goods and services customers buy from a business, measured in units or value.
The plan of action set out to reach a goal, used to measure progress and success.
A personal target of starting a business to test yourself, or to fill a gap in the market.
Targets of a start-up based on personal or ethical reasons rather than on making money.
The money left over once all the costs of running the business have been paid.
The goal or target that a business wants to achieve over a given time frame.
The proportion of an industry's total customers or output that is supplied by one business.
The target of earning enough to cover the owner's living costs and the needs of the business.
Targets based on improving the lives of others, with any money made reinvested to support a cause.
Log in or sign-up to access the match-up activity



Don't have a login?

You can still revise this topic