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level: Objectives

Questions and Answers List

level questions: Objectives

QuestionAnswer
what are the aims/objectives of private sector (name 7)profit maximisation achieving quality survival customer satisfaction increase market share social responsibility innovation
what are the aims / objectives of the public sector?make the best use of funds quality of service raise revenue cut costs improve infrastructure
What are the aims and objectives of the third sectorincrease funds provision of service increase awareness pressure government more branches
what is meant by profit maximisation?to make as much profit as possible
what is meant by achieving quality?to provide the highest quality product/service
what is meant by survival?to continue to exist from one year to the next
what is meant by customer satisfaction?to ensure customers are happy with their purchase
what is meant by increasing market shareto gain more customers relative to your competitors
what is meant by social responsibilityto act in a responsible way towards the environment, your community and wider society
what is meant by innovationto create new and unique ideas
what is meant by making the best use of funds?spending taxpayers' money wisely to get the most value
what is meant by quality of service?to provide a high quality service to the community/users
what is meant by raising revenue?to increase the amount of funds generated eg. by raising taxes
what is meant by cutting costs?to reduce spending on public services
what is meant by improving infrastructure?to develop and build new roads, rail links and cycle paths
what is meant by increasing funds (third sector)raise as much funds as possible for their cause
what is meant by provision of service (third sector)to provide a service to people/animals in need
what is meant by increasing awareness (third sector)increasing the number of people in society who are aware of the aim/cause
what is meant by pressuring government? (third sector)to campaign to government to change a law/policy related to their cause
what is meant by more branches? (third sector)to open more branches of charity shops