What are the objectives of business? Every business enterprise has certain objectives which regulate and generate its activities. Objectives are needed in every area where performance and results directly affect survival and prosperity of a business. Various objectives of business may be classified into four broad categories as follows: 1. Economic Objectives: Business is basically an economic activity. Therefore‚ its primary objectives are economic in nature. The main economic objectives of business
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A. FIRM AND ITS OBJECTIVE: Conventional theory of firm assumes profit maximization is the sole objective of business firms. But recent researches on this issue reveal that the objectives the firms pursue are more than one. Some important objectives‚ other than profit maximization are: (a) Maximization of the sales revenue (b) Maximization of firm’s growth rate (c) Maximization of Managers utility function (d) Making satisfactory rate of Profit (e) Long run Survival of the firm (f) Entry-prevention
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Executive Summary Leonard v. PepsiCo This case involved a contract dispute between Mr. John Leonard and PepsiCo Inc. arising from the claims that an advertisement by PepsiCo for a Harrier jet aircraft in exchange for Pepsi points was a valid contract. The court found that the advertisement was not an offer and ruled for the defendant. In order for a contract to be valid there must be agreement‚ consideration‚ contractual capacity and the object must be lawful. In an agreement there must
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Marketing Mix Product Strategy • Bingo positioned itself as chips with an Indian twist. The 16 flavours introduced at launch were carefully developed through R&D • The initial offerings were a mix of potato chips and finger snacks • The potato chips segment includes variants like masala‚ salted‚ tomato inspired by snacking habits of Indian consumers • The offerings under finger snacks include Pakoda (Live Wires) and Khakra (Mad Angles) • These offerings were further differentiated by providing
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vs Objective In stories‚ newspapers‚ and the spoken word‚ people all over the world are trying to convince you to think as they do. They are bombarding you with facts and figures‚ opinions and projections. It is up to you to create order within this chaos and find the patterns that will help you to understand what is true‚ what could be true‚ and what is outright false. In order to do all this‚ you need to have a firm grip on what is objective and what is subjective. Definition of Objective and
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Instructional objectives may also be called performance objectives‚ behavioural objectives‚ or simply objectives. All of these terms are used interchangeably. Objectives are specific‚ outcome based‚ measurable‚ and describe the learner’s behaviour after instruction. Instructional objectives serve as goals that teachers have set in the achievement of a greater goal. They also tell students what is expected of them. Instructional objectives make definite the direction in which teaching leads and become
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COMPANY PROFILE Amazon.com‚ Inc. REFERENCE CODE: 2B52E1D8-E964-4D7F-8B1B-C48DBC97815F PUBLICATION DATE: 27 Dec 2013 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED. Amazon.com‚ Inc. TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................3 Key Facts......................................................................
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plan that contains objectives. There are two types of objectives‚ strategic and tactical objectives. Strategic objectives are objectives set for the long run; tactical objectives are short day-to-day objectives that the business needs to operate. Setting objectives provides a greater sense of direction for the business. So once an objective is set‚ the employees‚ owner and directors even‚ have a clear pathway and guide of what they want the business to achieve and the objective gives everyone motivation
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Strategic Management The Concept of Market Position and The Strategic Objectives Objectives The Concept of Market Position Philip Kolter Ries and Trout The Strategic Objectives Strategic Thrust Strategic Objectives Build Hold Niche Harvest Divest The Concept of Market Position by Philip Kolter Market Leader Market Challenger The firm has a relatively large share of the market‚ but a smaller share than the market leader. Market Follower The firm
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---------------------------2-3 AD=G+I+X-M--------------------------------------------------------------------------------2-3 Part two--------------------------------------------------------------------------------------4-5 Macroeconomic objective----------------------------------------------------------------4-5 Part three--------------------------------------------------------------------------------------5-7 Conflicts--------------------------------------------------------------------------------------5-7
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