Please enable JavaScript.
Coggle requires JavaScript to display documents.
Main goals of business - Coggle Diagram
Main goals of business
Profit
-
-
-
Want to maximise profits: occurs when there is a maximum difference between the total revenue (that is, the number of sales made multiplied by the price) coming into the business and total costs being paid out.
Market Share
-
-
Increasing market share is an important goal for businesses that dominate the market, because small market gains often translate into large profits
-
Social
benefit community, while achieving financial goals
-
Share Price
-
may buy shares in the hope of selling them for a higher price or to be part of the company's profits
For companies that wish to be successful, they need to maximise the returns of their shareholders. This is achieved by keeping the share price rising — constantly improving the share price — and paying back healthy dividends.
-
Environmental
-
-
-
-
sustainable development occurs when the needs of the present population are met without endangering the ability of future generations to meet their own needs.