Business

business-3

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Question 1 of 1

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48208

block

Match the word to it's definition

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Match the text
A business
Goods
Services
Objective
Aim
Mission statement
Vision

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An organisation that produces goods/services usuallyu in exchange for Money in order to make profit
A written declaration of an organisations core purpose/focus (usually remains unchanged)
A physical products that are tangeble
A system used to supply the public need (only one way of the exchange is tangible)
Something that needs to be perused in the future
Activities/Targets a business sets to a achieve in relation to their mission
The overall main target for the business/indidvidual (Usually quite general and can't be measures)

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none

Select all of the examples of services

Select the correct answer(s).

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48210

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The non-financial objectives for a start up business

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Match the Text
1
2
3
4
5
6

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Although for entrepreneurs their main objective should be survival (e.g. maximizing costs and minimizing profits), many have other prophecies they'd like to fulfill that aren't finance related.
An example of this is for personal satisfaction.
fulfilled therefore they peruse it themselves especially if it's a hobby of theirs.
Some people gain this from building a business that they may look down on as their empire. They may also want a more flexible,
Their old job may be uninteresting to them or they may be working in a hierarchy whereas they want to be the boss.
more convenient schedule that they can't arrange have when they're working for someone else/in another business. If they're working in another business also, they may feel as though their potential is not being

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Other objectives include:

Fill in the blanks

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Giving something

to the

, to make

gains and to make a

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Match the type of business objective to their charchteristics

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Match the text
Business
Corporate
Functional

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Goals that need to be achieved in order to realize the main specific aims of the business (•medium to long term •can be corporate or functional)
Goals that are specific to the different functional areas in order to achieve their cooperate aims/mission is met (•the coordinate activities [like cooperate objectives])
Goals that apply to the organisation as a whole (instead of specific elements so that activities and what needs to be done are cooperated to give direction to what the business now has to do)

48213

120

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Average business aims/Objectives

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Profit
Productivity
Customer service
Employee retention
Growth
Core values

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It needs to be maximized and costs need to be minimized
If this is good, then customers/clients will be retained. This may lead to the generation of repeat revenue
Equipment needs to be up to date and maintained in order for the businesses competitive streak to be maintained. This means staff need to be trained to keep them as productive as can be
Maintaining a positive employee environment improves retention and reduces turn over which costs money due to less productivity and the loss associated with recruitment
A mission statement is necessary to create a positive corporate culture
Exapnd customer base (planned on past data and future projections)

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100

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Aspiration

Fill in the blanks

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There's no single objective that a business should

to that can guarantee

. As long as objectives are pursued with

strategies, business success is more likely.

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True or false? "A businesses mission statement ignores/doesn't affect the way it developed"

Select the correct answer(s).

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48216

120

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Mission statement

Fill in the blanks

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A mission statement is a

of an organisations core

. It's usually relitavly

. It must be

in depth before a businesses

can be made because it will

the way that it

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Match the businesses mission to the business

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Match the text
DIsney
Asda

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The UK's best value retailer exceeding customers needs everyday
The provision of quality entertainment to the whole family

48218

120

none

Why do missions need to be formally identified?

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For small businesses (with approximately

employees, They're all

to know the businesses main

and what they're trying to do However they're

to write down their

/objectives. When it comes to larger businesses with approximately

employees, they're

to know what's going on and what the business is trying to

. If the business is national, different sectors of the business are likely to have the same aims due to different

, factories and offices located around. In large businesses,

are needed so that the employees can

what the business is trying to do and they can then

with it.

48780

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Define strategy

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Match the Text
1
2
3
4
5
6
7
8
9
10
11
12
13
14

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achieve
its
medium
are
intended
The
plans
that
objectives.
to
to
it
long-term
make

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Can you measure success/faliure against objectives?

Select the correct answer(s).

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48782

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Business

Question 1 of 1

Time Left

Match the word to it's definition

Match the text (click and drag)

(0/0)

A business

Goods

Services

Objective

Aim

Mission statement

Vision

An organisation that produces goods/services usuallyu in exchange for Money in order to make profit

A written declaration of an organisations core purpose/focus (usually remains unchanged)

A physical products that are tangeble

A system used to supply the public need (only one way of the exchange is tangible)

Something that needs to be perused in the future

Activities/Targets a business sets to a achieve in relation to their mission

The overall main target for the business/indidvidual (Usually quite general and can't be measures)

Select all of the examples of services

Select the correct answer(s).

(0/0)

The non-financial objectives for a start up business

Match the text (click and drag)

(0/0)

1

2

3

4

5

6

Although for entrepreneurs their main objective should be survival (e.g. maximizing costs and minimizing profits), many have other prophecies they'd like to fulfill that aren't finance related.

An example of this is for personal satisfaction.

fulfilled therefore they peruse it themselves especially if it's a hobby of theirs.

Some people gain this from building a business that they may look down on as their empire. They may also want a more flexible,

Their old job may be uninteresting to them or they may be working in a hierarchy whereas they want to be the boss.

more convenient schedule that they can't arrange have when they're working for someone else/in another business. If they're working in another business also, they may feel as though their potential is not being

Other objectives include:

Fill in the blanks

(0/0)

Match the type of business objective to their charchteristics

Match the text (click and drag)

(0/0)

Business

Corporate

Functional

Goals that need to be achieved in order to realize the main specific aims of the business (•medium to long term •can be corporate or functional)

Goals that are specific to the different functional areas in order to achieve their cooperate aims/mission is met (•the coordinate activities [like cooperate objectives])

Goals that apply to the organisation as a whole (instead of specific elements so that activities and what needs to be done are cooperated to give direction to what the business now has to do)

Average business aims/Objectives

Match the text (click and drag)

(0/0)

Profit

Productivity

Customer service

Employee retention

Growth

Core values

It needs to be maximized and costs need to be minimized

If this is good, then customers/clients will be retained. This may lead to the generation of repeat revenue

Equipment needs to be up to date and maintained in order for the businesses competitive streak to be maintained. This means staff need to be trained to keep them as productive as can be

Maintaining a positive employee environment improves retention and reduces turn over which costs money due to less productivity and the loss associated with recruitment

A mission statement is necessary to create a positive corporate culture

Exapnd customer base (planned on past data and future projections)

Aspiration

Fill in the blanks

(0/0)

True or false? "A businesses mission statement ignores/doesn't affect the way it developed"

Select the correct answer(s).

(0/0)

Mission statement

Fill in the blanks

(0/0)

Match the businesses mission to the business

Match the text (click and drag)

(0/0)

DIsney

Asda

The UK's best value retailer exceeding customers needs everyday