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1.3.1 Business Aims and Objectives — Edexcel Business 1BS0 | GradeGen
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Business
Edexcel GCSE Business
Investigating Small Business
Implementing a Business Idea
Business Aims and Objectives
Edexcel GCSE Business · 1BS0
Business Aims and Objectives
What you need to know
Define and clearly differentiate between overarching business aims and specific business objectives.
Identify financial aims and objectives for start-ups, including survival, profit maximization, sales growth, market share, and financial security.
Identify non-financial aims and objectives, such as social objectives, personal satisfaction, challenge, and maintaining independence and control.
Explain why aims and objectives may differ significantly between various types of businesses.
Revision notes
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Business Aims and Objectives
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Revenues, Costs, and Profits