Which of the following would be the best example of an organizational objective? O We will make products that people will enjoy. O We will increase our yearly sales by 5% each year. O We will be the most popular brand in our industry. We will achieve a 5% growth rate.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Which of the following would be the best example of an organizational objective?
O We will make products that people will enjoy
We will increase our yearly sales by 5% each year.
O We will be the most popular brand in our industry
We will achieve a 5% growth rate
Transcribed Image Text:Which of the following would be the best example of an organizational objective? O We will make products that people will enjoy We will increase our yearly sales by 5% each year. O We will be the most popular brand in our industry We will achieve a 5% growth rate
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Every organization sets its mission & vision statement, plans, and works to achieve its vision and mission. Every organization establishes itself to become popular or gain a competitive advantage. An organization's objective can be short-termed or long-termed. The short-term objective is associated with a short-period project and the long-term objective is concerned with the long-run mission.

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