Business Studies Questions #

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