Businesses have different objectives that are linked directly to the ambitions of the business. These objectives are influenced by the size of the business and its ownership.
An objective is a target set by a business. It helps the business prioritise what has to be done to achieve the success it wants.
There are several different types of business objectives. The choice of business objectives depends on the stage of development a business is at and what Sector of economyPrivate, public, and third sector. it is in.
Business objectives include the following seven types: