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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.

Objective
Aim
Independence and control
Personal satisfaction
Social objective
Financial security
Market share
Sales
Profit
Survival


Answers
Short-term financial aim to keep the business trading and open.
Non-financial aim to benefit society or support community causes.
Specific measurable steps a business takes to achieve its aims.
Desire to be one's own boss and make business decisions.
Proportion of total market sales held by a single firm.
Aim to ensure stable finances and protect against cash problems.
Income from selling goods or services over a set period.
A goal to be achieved over a given time frame.
Non-financial aim where owner gains fulfilment from running business.
Financial gain after costs are deducted from total revenue.
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