Study

Business Objectives IGCSE

  •   0%
  •  0     0     0

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