GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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make a profit, increase market share, meet share holder expectations
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make a profit, meet shareholder expectations, meet a social need
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meet a social need, increase market share, meet shareholders expectations, make a profit, meet a market need
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make money
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Detailed explanation-1: -All shareholders share the objective of minimizing the risk of their investment. Shareholders seek out investments that have the lowest potential for financial loss and do what’s necessary to prevent the loss of their principal.
Detailed explanation-2: -Higher market share can help improve sales when existing, brand-loyal customers buy more of a company’s products. Market share may also widen a company’s overall customer base as potential new customers follow the lead of existing ones. Gaining market share can strengthen and spotlight a company’s reputation.
Detailed explanation-3: -Business objectives are the specific, measurable results that companies hope to maintain as their organisation grows. When you create a set of business objectives, you focus on specifics. This means analysing, assessing, and understanding where you are now and where you want to be in the future.
Detailed explanation-4: -The importance of marketing for your business is that it makes the customers aware of your products or services, engages them, and helps them make the buying decision. Furthermore, a marketing plan, a part of your business plan helps in creating and maintaining demand, relevance, reputation, competition, etc.