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This test is run by .
Note that your final mark will not be saved in the system.

1.5.3 Business objectives & 1.5.4 Forms of business Categorise

Target Level

Running Total

Attempt

1 of 1

Click on an item, then click on a category to place it. Or, drag and drop the item into the correct category. Organise all items before clicking 'Check'.

If profit is TR-TC then an objective of profit maximisation must either raise TR (total revenue) or lower TC (total costs).

Identify which objectives help to raise TR or lower TC

OBJECTIVES WHICH AIM TO RAISE TOTAL REVENUE (TR)

OBJECTIVES WHICH AIM TO LOWER TOTAL COSTS (TC)

Efficient resource management

New product development

Increasing market share

Sales maximisation

Sales promotions

Zero waste

Efficient production processes

Increasing sales

Efficient supplier management

Lean production

This is your 1^st attempt! You get 1 marks for each one you get right first time. Good luck!

Pass Mark

70%