Business objectives. - SS2 Commerce Past Questions and Answers - page 1
Which type of business objective focuses on expanding the organization's market share?
Financial objectives
Growth objectives
Operational objectives
What do financial objectives primarily aim to achieve?
Customer satisfaction
Operational efficiency
Revenue generation
Which type of objective emphasizes improving the efficiency and effectiveness of business operations?
Financial objectives
Growth objective
Operational objectives
Which type of objective promotes sustainability, ethical conduct, and social responsibility?
Meeting customer needs and expectations
Achieving profitability
Enhancing employee satisfaction
Define operational objectives in simple terms.
Operational objectives are goals that focus on improving the efficiency, productivity, and effectiveness of business operations. They aim to streamline processes, reduce waste, optimize resources, and enhance overall performance.
Provide an example of a growth objective for a business.
An example of a growth objective could be expanding into a new geographical market or introducing a new line of products or services to attract a larger customer base.