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Business Aims & Objectives

Business Aims & Objectives. , 2013 Year 9 GCSE Business Studies. Learning Objectives. £ To know the difference between a business aim and a business objective (E-D) ££ To understand why businesses have different aims and objectives, and why they are set (C-B)

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Business Aims & Objectives

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  1. Business Aims & Objectives , 2013 Year 9 GCSE Business Studies

  2. Learning Objectives £ To know the difference between a business aim and a business objective (E-D) ££ To understandwhy businesses have different aims and objectives, and why they are set (C-B) ££ To apply aims and objectives to different types of business (C-B)

  3. Starter Activity • What if the world ran out of petrol tomorrow • What if it was never going to be over 25*C in Brentwood forever • What if you had to stay in compulsory education until after University • What if Police went on strike for a week • What if televisions were not to be used on a Saturday

  4. Scenario • David Beckham has retired and wants to keep himself busy, so he has decided to set up a business selling replica sports shirts. • He decides to hire a small stall in Camden market, and has decided to work 7 days a week. • With every purchase- David said that he will sign the shirt to help boost early sales • In the future David wants to replace his stall with his own shop

  5. Aims and Objectives • An Aim: A large broad, unspecific target that a business has set for itself in the future • An Objective: Smaller tasks that will all contribute to the completion of the main aim

  6. What may/were the following aiming for? How might they achieve these aims?

  7. Learning Objectives • To know the difference between a business aim and a business objective • To understand why businesses have different aims and objectives – and why they are set • To apply aims and objectives to different types of business

  8. Miss Burr’s Sprite Spree! What would be my FIRST aim when selling these on? • It cost me 10p to buy these from CostCo!

  9. Miss Burr’s Sprite Spree! One year on….. What would I hope to be able to do when selling my cans of Sprite after a year? Selling them for 14p!!!

  10. Miss Burr’s Sprite Spree! 18 months on…. What would I hope to be able to do when selling my cans of Sprite after 18 months? Provide a GOOD Customer Service

  11. Miss Burr’s Sprite Spree! 2 years on…. What would I hope to be able to do when selling my cans of Sprite after 2 years?

  12. Miss Burr’s Sprite Spree! Expand – Growth!!!

  13. Typical Business Aims • Survival- Making sure the business is able to trade next year • Make a profit • Provide a GOOD service • Growth- Increase in size may mean more customers and more shopsetc

  14. No because… DO ALL BUSINESSES AIM FOR THE SAME THING? Yes because… Charity and an Entrepreneur?

  15. Skate Shack Watch Business Interactive and complete the activity

  16. Learning Objectives • To know the difference between a business aim and a business objective • To understand why businesses have different aims and objectives, and why they are set • To apply aims and objectives to different types of business

  17. What could the Aims and Objectives be for these?

  18. Learning Objectives • To know the difference between a business aim and a business objective • To understand why businesses have different aims and objectives, and why they are set • To apply aims and objectives to different types of business

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