BEA - Common Business Objectives

Profit maximization means that a business aims to produce goods and services at a level that achieves the highest level of profit possible

Profit satisficing means NOT making enough profit to keep the owners of the business happy, resulting in employees having to work many more hours.

Market share means the amount that a business sells of its products compared with other companies selling similar products.

Survival means a business will fail in the first year, regardless of any intervention.

Growth in businesses can occur in different ways. They can try to find new customers, open in new countries or start making new products.

Corporate social responsibility (CSR) is when a business has NO consideration for the impact it has on the community and the environment.