Business objectives
Every business starts with some objectives.
These objectives always define the path or way of business. It also includes
future steps and decision according to the demand of the future. Mostly, we
found two types of business objectives – economic and social objectives. In
economic objectives, we mention economic gain or profit making, production of
goods and services, making market share etc. In current environment, every
business has some social responsibility/objectives also like employee
relationship, customer satisfaction & mix activity for society etc.
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| Business objectives |
Here, we mention some economical
objective of a business: -
Economic
gain or making profit:
- this is the primary goal of every business activity. Economic gain or making
profit, we show in terms of income, return on investment and growth etc. Nobody
start a business without profit making. Every company or business, if trying to
survive in the market or looking for a growth number & income, these
activities shows a interest for economic gain or making profit.
Product
– goods & services:
- every company has some product in terms of goods and services. If a business
looking to increase production on the same cost, they are looking for more
customers or market share. Price war some time generates cost cutting also.
Making
market share: - customer
is the base for all the business activity. Every business tries to increase the
market share by increasing the production on same cost or by cost cutting or by
decrease the price of goods and services. A business only exist the market who
have a adequate number of customer for their goods & services and they are
increasing their customer according to the time run.
