5/26/24, 1:42 PM IGCSE CIE Business Studies 1.

5 Business objectives and stakeholder objectives | Quizlet

Name: Score:

10 Multiple choice questions

Definition 1 of 10
-give workers and managers a clear target to work towards
-motivates workers
-guide decision making
-managers can compare how the business is performing to the objectives

Objectives of social enterprises

Objectives of public sector businesses

Importance of business objectives

Different business objectives

Definition 2 of 10
Aims or targets that a business works towards

Marketing objectives

Business objectives

Business aims

Sales objectives

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Definition 3 of 10
Person or group that work for or owns the business e.g.
-Owners: risk takers and invest capital into the business
obj: profit maximisation and business growth
-Workers: people involved in the business
obj: employee contract, regular payment, job satisfaction
-Managers: control work of other workers
obj: job security, higher salaries than other workers, business growth

Different business objectives

Stakeholder

Internal stakeholders & examples and their objectives

External stakeholders & example and their objectives

Definition 4 of 10
Social objectives that aim to make a profit to reinvest back into the business

Social enterprise

Limited liability corporation

Partnership

Social objectives

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Definition 5 of 10
People or groups that are outside the business e.g.
-Customers: purchase and consume goods and services
obj: price reflecting quality, reliable and safe
-Governments: protect workers and customers from business' activities
obj: increase total output, increase employment, increase government revenue
-Banks: provide financial help to businesses
obj: expect the business to pay interest and repay capital lent

External stakeholders & example and their objectives

Different business objectives

Objectives of public sector businesses

Importance of business objectives

Definition 6 of 10
-Social- provide jobs and support to disadvantaged groups
-Environmental- protect the environment
-Financial- make profit to invest back into social enterprise

Objectives of social enterprises

Different business objectives

Importance of business objectives

Objectives of public sector businesses

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Definition 7 of 10
Financial - meet profit targets set by the government

Service - provide service to the public and meet quality targets set by government

Social - protect or create employment in certain areas

Market share

Objectives of social enterprises

Objectives of public sector businesses

Stakeholder

Definition 8 of 10
Percentage of total market sales held by one brand or business
formula:
Market share%=(Company sales/Total market sales)*100

Target market

Market share

Customer equity

Marketing mix

Definition 9 of 10
Person or group that has an interest in the performance and activities of a business

Entrepreneur

Stakeholder

Consumer

Marketer

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Definition 10 of 10
Business survival, Growth, Profit, Returns to shareholders, Market share

Stakeholder

Different business objectives

Market share

Social enterprise

Privacy Terms English (USA)

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