GCSE business studies - 2.1.1 Changing in business objectives

When a company decides to start trading in a market it hasn’t been in before

• Entering markets

• Market share

• Existing markets

• Production

Choosing to leave a market

• Entering a market

• Exiting markets

• Production

• Effective marketing

Which of the following conditions might make a business change its aims and objectives?

• Increases in the minimum wage

• Changing market conditions

• Technology remaining constant

• A strike by members of the union

The changing performance of a business in a negative way might lead it to what?

• Develop external markets overseas

• Alter its aims and objectives

• Increase the wage levels of its staff

• Change its suppliers