G9 Business Objectives

• Business Studies
• Secondary Education

Can you guess the meaning of business objective?

1. something you have done
2. something you are trying to do
3. the way something is
4. -

What objectives do you think businesses have?

Profit means sales minus costs.

1. true
2. false
3. -
4. -

A business always wants to _______ market share

1. objectify
2. profit
3. increase
4. decrease

Choose one way a business can grow.

1. open in other countries
2. create new products
3. increase market share
4. find new customers

Survival means a business tries to stay open for business and not go bankrupt.

1. true
2. false
3. -
4. -

One way of achieving CSR is through...

1. help build schools
2. use more plastic materials
3. build lots of factories for their business

A lot of businesses closed due to Covid-19. As a result some business tried new business methods to be able to......

1. to close and lose money
2. to ignore risks (problems) business may face
3. survive and continue to grow

LMS Activity 3.1

Fab Fruit Smoothies is a health food company. It sells fresh juice and smoothies. Every Wednesday, they give away free smoothies to customers who bring in reusable cups.

a. CSR 

b. increase market share 

c. growth 

d. survival

LMS Activity 3.1

2. Super Vet has been looking after pets in Ajman for two years and has many happy customers. Next year, the business wants to start selling pet food and toys as well.

a. CSR b. increase market share c. growth d. survival

LMS Activity 3.1

3. One Stop has been selling products such as phone chargers and covers for five years. They buy their products from a company in China and sell them in the UAE. Recently, they have found a supplier that sells better quality chargers. This should encourage people to buy chargers from One Stop instead of their competitors

a. CSR b. increase market share c. growth d. survival

LMS Activity 3.1

4. Alia set up a sole trader business three months ago. She delivers cakes and other baked goods to coffee shops around Abu Dhabi. Her objective is to keep her business open for at least one year.

a. CSR b. increase market share c. growth d. survival