IGCSE Business Studies – Business Objectives #

SECTION A: Business Objectives and Stakeholders #

1. [2 marks] What are business objectives?
2. [3 marks] List five common business objectives.
3. [2 marks] Define ‘profit’ in a business context.
4. [3 marks] How does adding value benefit a business?
5. [3 marks] Explain the concept of ‘value added’.
6. [3 marks] Why is business growth important?
7. [3 marks] How can a business achieve growth?
8. [4 marks] What are economies of scale?
9. [3 marks] Why is survival a key objective for startup businesses?
10. [2 marks] What can happen to business owners if their business fails?
11. [3 marks] Why might a government-run business prioritize service over profit?
12. [4 marks] Who are stakeholders in a business?
13. [2 marks] How do financial and non-financial stakeholders differ in what they want from a business?
14. [3 marks] Name three examples of financial stakeholders.
15. [3 marks] What are the main objectives of business owners?
16. [3 marks] Aside from wages, what else do employees seek from their jobs?
17. [2 marks] Why do managers value power and status?
18. [3 marks] Name three examples of non-financial stakeholders.
19. [3 marks] What do customers expect from the businesses they buy from?
20. [3 marks] How can a business benefit its local community?