INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is an example of a company objective that might be developed by top management:
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To improve the collection process
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To maintain or increase market share
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To maintain the billing cycle
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To hold weekly sales meetings
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Explanation:
Detailed explanation-1: -The business objective related to market share is called earning of profit. Business is a set of events commenced with the prospect of sale for the drive of earning a profit. Profit is the additional income over the expenses.
Detailed explanation-2: -There are various types of marketing objectives, but the four main types are profitability+ objective, market share objective, promotional objective, and growth objective.
Detailed explanation-3: -Examples of business objectives and goals A growth-oriented intention (improve efficiency) One or more actions (implement monthly training sessions) A measurement for success (20% increase) A timeline to reach success (by end of year)
There is 1 question to complete.