Question1: Objectives are comm

Objectives are commonly stated in terms such as growth inassets, growth in sales, profitability, market share, degree andnature of diversification, and so on. Discuss, compare and contrastfinancial objectives and strategic objectives please use examplesfor further explanation.


A firm may have different objectives in different markets. Forexample a firm in a fully competitive market may aim at increasingproduction by reducing cost of production. In a fully competitivemarket, every firm is a price taker. In order to increase profit,it needs to be more efficient than other firms.

Likewise, a firm in monopolistic competition, or oligopoly mayhave different objectives accordingly.

There are many theories that state different objectives offirms. Managerial theory states that managers try to increase saleswhereas according to one theory a fim may emphasise on increasingits market share. Such objectives are said to be strategicobjectives where a firm looks at consolidating its position in themarket.

For example, in a telecom market which is generallyoligopolistic in nature, a firm may pursue increasing its marketshare rather than looking at short term profitability.

A telecom operator in India, Jio Inc. owned by RelianceIndustries, invested at least $30 billion dollars, mostly on loanto offer its services at most affordable rate in the market whichled to the firm becoming the largest telecom company in thecountry. Here, Jio looked at long term strategic objectives and notprofitability in the short term.

Thus, we can say that a firm or a company may have differentobjectives depending on the market structure it is operatingin.

"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.