Business objectives

1.4

What the syllabus asks of you

Business objectives in the private sector and public sector: the objectives of businesses – private sector, public sector, and social enterprises
Business objectives in the private sector and public sector: the importance of business objectives
Business objectives in the private sector and public sector: corporate social responsibility (CSR) and the triple bottom line – economic (financial), social and environmental objectives
Business objectives in the private sector and public sector: the relationship between mission statement, aims, objectives, strategy and tactics
Objectives and business decisions: the different stages of business decision-making and the role of objectives in the stages of business decision-making
Objectives and business decisions: how objectives might change over time
Objectives and business decisions: the translation of objectives into targets and budgets
Objectives and business decisions: the need for communication of objectives and their likely impact on the workforce
Objectives and business decisions: SMART (specific, measurable, achievable, realistic, time-limited) objectives
Objectives and business decisions: how ethics may influence business objectives and activities

Drill this topic

All 15 questions on Business objectives, untimed — answer on paper, then mark yourself against the mark scheme.

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15 questions

These are structured questions, answered in working rather than by picking an option, so they are not listed here one by one. The drill above puts each in front of you with its mark scheme to check against.