GCSE Business Objectives

Which of the following points is likely to be included in a mission statement?

• Location of the business

• History of the business

• Values of the business

• Profit target

Which of the following is a direct benefit of setting objectives for employees?

• The government will collect more tax revenue

• Workers may work harder

• Shareholders will be more satisfied

• Customers will buy more

Which of the following objectives is of most direct interest to business shareholders?

• Profit targets

• Growth targets

• Sales targets

• Targets related to costs

Which business objective may become more important when the national economy is not performing well?

• Growth

• Recruitment of new employees

• Profit

• Survival

When financial security is chosen as an objective what does a business wish to avoid?

• Profit

• Growth

• Risk

• Success

Which of the following is a non-financial objective?

• Profit

• Improving society

• Personal satisfaction

• Revenue

Which objectives may a business focus on when the economy is growing?

• Survival

• Profit

New laws to protect the environment may force businesses to focus more on....

• Social responsibility

• Growth

• Profit

• Keeping shareholders happy

A new management team may wish to change some business objectives

• True

• False

New technology may encourage a business to change some business objectives

• True

• False