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1.3.1b Main aims and objectives of businesses

What does a business aim to achieve when its objective is survival?

A

Profit maximisation - making the largest possible gap between total revenue and total costs.

B

Survival - covering costs and keeping enough cash to pay bills as they fall due.

C

Market share - winning the largest possible percentage of sales in the market.

D

Growth - increasing sales, staff numbers and outlets as quickly as possible.

1.3.1b Main aims and objectives of businesses Flashcards

  1. GCSE
  2. /Business
  3. /1.3.1b Main aims and objectives of businesses

Flashcards for AQA GCSE Business 1.3.1b Main aims and objectives of businesses, covering the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2. 29 cards, matched to the AQA GCSE Business (8132) specification. Recall questions account for roughly 35% of marks at GCSE Business, so these target the marks you can secure before the paper starts.