Setting business aims and objectives key terms

survival

survival is a curriculum-aligned term linked to the learning objective: Explain the main business aims and objectives: survival, profit maximisation, domestic and international growth, market share, customer satisfaction, social and ethical objectives and shareholder value..

profit maximisation

profit maximisation means how aims and objectives is used by a business to make a commercial decision about the main business aims and objectives: survival, profit maximisation, domestic and international growth, market share, customer satisfaction, social and ethical objectives and shareholder value. In an AQA GCSE Business answer, link it to evidence such as cost, revenue, cash-flow pressure, customer needs, or stakeholder impact rather than giving a stand-alone definition.

role

role is a curriculum-aligned term linked to the learning objective: Explain the role of objectives in running a business..

objectives

objectives means how aims and objectives is used by a business to make a commercial decision about the role of objectives in running a business. In an AQA GCSE Business answer, link it to evidence such as cost, revenue, cash-flow pressure, customer needs, or stakeholder impact rather than giving a stand-alone definition.

competition

competition is a curriculum-aligned term linked to the learning objective: Explain why objectives differ between businesses, including business size, competition and not-for-profit status..

Explain

Explain means how changing objectives and success measures is used by a business to make a commercial decision about why objectives differ between businesses, including business size, competition and not-for-profit status. In an AQA GCSE Business answer, link it to evidence such as cost, revenue, cash-flow pressure, customer needs, or stakeholder impact rather than giving a stand-alone definition.

established business

established business is a curriculum-aligned term linked to the learning objective: Explain why objectives may change as businesses evolve from start-up to larger established businesses..

start-up

start-up means how changing objectives and success measures is used by a business to make a commercial decision about why objectives may change as businesses evolve from start-up to larger established businesses. In an AQA GCSE Business answer, link it to evidence such as cost, revenue, cash-flow pressure, customer needs, or stakeholder impact rather than giving a stand-alone definition.

business

business is a curriculum-aligned term linked to the learning objective: Explain why business success can be measured by more than profit..

success

success means how changing objectives and success measures is used by a business to make a commercial decision about why business success can be measured by more than profit. In an AQA GCSE Business answer, link it to evidence such as cost, revenue, cash-flow pressure, customer needs, or stakeholder impact rather than giving a stand-alone definition.