Which of the following best describes a business objective? a) A small daily action to increase sales b) A long-term goal a business wants to achieve c) A short-term discount campaign d) A way of reducing waste
b
Which of the following is an example of a tactic? a) Expanding into new markets b) Hiring a new CEO to set direction c) Offering a weekend discount to boost sales d) Opening 200 new stores globally
c
Profit is calculated as: a) Revenue ÷ Costs b) Costs – Revenue c) Revenue + Costs d) Revenue – Costs
D
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