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Mission, Corporate Objectives and Strategy Flashcards | StudBud

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Mission, Corporate Objectives and Strategy

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#corporateaims #Strategy #missionstatements

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Questions 10

Answers

1
A generalised statement of where a business is heading is ....?
A mission statement
Vision Statement
Founder values
Aims
2
Which influence is an internal influence on corporate objectives?
Global Prices
The Economy
Poor Performance
Migration
3
Corporate objectives are?
Medium to long terms goals set to co-ordinate the business
The policies and behaviours of a business
A statement of where the business is heading
Medium to long term plans to achieve mission and aims
4
A Vision Statement is?
The business's purpose for existing
The businesses long term plan.
The business's mission statement.
The business's aspirations.
5
Invention and development of new goods and services, of producing and supplying products is..?
Productivity
Market Position
Innovation
Financial Resources
6
Which of these are not SMART?
Time-based
Specific
Threat
Measured
7
What of these DOES NOT influence a mission statement?
Labour productivity
Values of Founders
Ownership of the business
The industry the business is in
8
What is strategy?
Plans that happen in the next 12 months.
The way we do things here.
Plans adopted by a business to make aims and mission happen.
Day to day plans to get things done.
9
Match the mission statement: To refresh the world - in body, mind and spirit
Dyson
Twitter
Marks and Spencer
Coca - Cola
10
Which influence is an external influence on corporate objectives?
New Leader
Migration
Poor performance
Business culture