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What is the main goal of a business when it wants profit?
To make more money than it spends.
Which business goal means trying to keep the business open, even when things are hard?
Survival
Can you give an example of a business helping the community?
:)
What does a business want when it focuses on growth?
To get bigger, with more customers or locations.
How can a business save money to survive?
By paying fewer workers or spending less on supplies.
How do businesses benefit from helping the community?
What is a stakeholder?
Someone who cares about or is affected by the business.
Who are internal stakeholders?
Workers, managers, and owners.
Who are external stakeholders?
Customers, suppliers, and the government.
Which stakeholder cares about job security and wages?
Workers (employees).
What do customers want when a business tries to make a profit?
Good products at fair prices.
What might a business do if it wants to grow?
Open more stores or sell new products.
Which business goal is about helping people or the environment?
Service to the community.
How can cutting the number of workers help a business survive?
It lowers costs.
When might the school canteen focus on survival?
When there is competition from outside food options.
Who wants the business to grow the most?
Owners or shareholders.
