Economic Objectives Business is basically an economic activity‚ its primary objectives are economic. The economic objectives of a business are to earn sufficient profit to give reasonable reward to the investors of capital and to provide funds for expansion and diversification. The main economic objective of business may be described as under: (a) Earning Profit: Business activity is undertaken for earning profit. Profit is the basic incentive to business pursuits. It is the most important objective
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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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Topics for This Week’s Discussions: Objective Tone (graded) Flawed Diction (graded) Q&A Forum . . . for your questions and comments (not graded) Note: Click on the links in the “Topics” section to view the discussion topics. Then‚ click “Respond” to add your thoughts to the discussion thread. Topics Objective Tone (graded) Flawed Diction (graded) Q&A Forum Objective Tone (graded) Though an objective tone is probably most appropriate for nearly
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SMART Objectives: This page has been written to provide not only an overview of the SMART objective format‚ but to help you to write your own. Specific | Is the objective clear?Is it precise and well defined?Can everyone understand it? | Measureable | Have you stated how you will assess whether it has been completed or not?What evidence is needed to confirm it?How will the individual learner know when the task has been completed? | Achievable | Are there sufficient resources in place and
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Objectives of Punishment There have been many rules throughout history some choose to follow those rules and some choose to break the rules. The big question is the product to those who should break the rules. There was a day when parents could spank their children freely and accepted as simply normal. As the years went on‚ society started to see how people would take it too far. Therefore‚ laws had to change. It is the same within today’s prison system. Individuals are in prison because
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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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People have been arguing whether our own culture and experience are barriers that keep us from not seeing the objective truth. To clearly discuss this argument‚ a few definitions and views need to be considered. First of all‚ the objective truth comes from an understanding. To understand something‚ we need to have knowledge on it. Knowledge is defined as true justified belief. Therefore‚ to obtain knowledge for a better understanding‚ we need to rely on our own experiences and cultures. As people
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Objectives of COMESA COMESA was established in 1994 to replace the Preferential Trade Area for Eastern and Southern Africa (PTA)‚ which had been in existence since 1981. The PTA was established within the framework of the OAU’s Lagos Plan of Action (LPA) and the Final Act of Lagos (FAL). Both the LPA and the FAL envisaged an evolutionary process in the economic integration of the continent in which regional economic communities would constitute building blocks upon which the creation of an African
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Bus 324 11/05/13 The Goal: Discussion 1 Ch. 1-16 1. Main point #1: The first main point throughout chapters 1-16 is handling a bottleneck crisis. Bottleneck is the point where the flow of data within a manufacturing process has come to a halt. It deals with the handling certain constraints that are becoming hazardous to your production. Having the bottleneck effect has a tremendous impact the flow of your data and its current flow cycle. Bottleneck decreases the productivity which
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Business objectives are the ends that an organisation sets out to achieve. A business creates plans to enable it to achieve these ends. The objectives‚ and plans that an organisation creates are determined by balancing the requirements of the various stakeholders in the organisation. The stakeholders are those individuals and groups that are affected by and have an interest in how the business is run and what it achieves. Every business has a range of stakeholders‚ including: The objectives that a
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