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IGCSE CIE Business Studies 1.5 Business Objectives and Stakeholder Objectives - Quizlet3
IGCSE CIE Business Studies 1.5 Business Objectives and Stakeholder Objectives - Quizlet3
Name: Score:
10 Written questions
Definition 1 of 10
Social objectives that aim to make a profit to reinvest back into the business
Definition 2 of 10
Business survival, Growth, Profit, Returns to shareholders, Market share
Definition 3 of 10
Aims or targets that a business works towards
Definition 4 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
Definition 5 of 10
Person or group that has an interest in the performance and activities of a business
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5/26/24, 1:44 PM IGCSE CIE Business Studies 1.5 Business objectives and stakeholder objectives | Quizlet
Definition 6 of 10
Financial - meet profit targets set by the government
Service - provide service to the public and meet quality targets set by government
Definition 7 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
Definition 8 of 10
Percentage of total market sales held by one brand or business
formula:
Market share%=(Company sales/Total market sales)*100
Definition 9 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
Definition 10 of 10
-Social- provide jobs and support to disadvantaged groups
-Environmental- protect the environment
-Financial- make profit to invest back into social enterprise
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5/26/24, 1:44 PM IGCSE CIE Business Studies 1.5 Business objectives and stakeholder objectives | Quizlet
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