Which of the following is NOT one of the five common business objectives?

Prepare for the OCR Business Paper 1 Test with engaging quizzes featuring flashcards and multiple-choice questions. Each question includes hints and explanations, ensuring you're well-prepared for your exam!

In the context of common business objectives, survival, profit, and growth are widely recognized as fundamental goals for businesses.

Survival typically refers to the necessity of a business to remain operational and maintain its market presence. Profit is a critical objective, as businesses ultimately aim to generate financial returns that can sustain operations and facilitate growth. Growth encompasses the strategies and ambitions associated with increasing market share, expanding product lines, or entering new markets.

Employee satisfaction, while important for organizational performance and employee retention, is often considered more of an internal goal or human resources objective rather than a core business objective that drives the overall operation of the business. Although it can indirectly influence business performance (for example, through higher productivity and reduced turnover), it is not typically listed among the primary objectives that define a business’s success in the broader market context. Therefore, it is accurate to identify employee satisfaction as not being one of the five common objectives primarily focused on a business's operational success.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy