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Key terms

AB
AIMSThe long term overall goal and direction of a business.
OBJECTIVESQuantifiable targets that must be achieved in order to enable the business to fulfill its aims
MISSION STATEMENTWritten statement detailing the aims and direction of the business
ETHICSMorally correct behaviour
STAKEHOLDERSAnyone with a vested interest in the activities and decision making of a business
SHAREHOLDERSOwners in a company
DIVIDENDSThe earned return on the investment
LONG TERM OBJECTIVESTypically 2-5 years


King Ecgbert School
Sheffield

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