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2.1.2 Changes in business aims and objectives - Match-up

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

Aims
Objectives
Market Conditions
Technology
Performance
Legislation
Survival
Growth
Market Entry
Market Exit


Answers
Goals or targets the business wants to achieve, which can be financial or non-financial
Withdrawing a product or service from the market, often due to poor performance or changing conditions
Specific and measurable steps to achieve business aims
Laws and regulations that businesses must comply with
The act of bringing a new product or service to a market
Advancements and innovations that businesses may use to improve products or processes
Factors that affect the demand and supply in the market, influencing business decisions
An objective to increase the size or profitability of the business
A measure of how well a company is achieving its aims and objectives
A business aim focused on continuing operations in challenging conditions
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