Business Unit 1

Financial Aims & Objectives

• Survival, Profit, Sales, Market Share, Financial Security

• Survival, Profit, Sales, Market Share, Personals Satisfaction

• Challenge, Profit, Sales, Market Share, Financial Security

• Survival, Profit, Sales, Market Share, Independence & Control

Non- Financial Aims & Objectives

• Social Objectives, Personals Satisfaction, Challenge, Sales

• Social Objectives, Personals Satisfaction, Challenge, Financial Security

• Social Objectives, Personals Satisfaction, Challenge, Independence & Control

• Social Objectives, Personals Satisfaction, Challenge, Profit

Business Aims Change

• Market Conditions, Technology, Performance, Legislation, Personals Satisfaction

• Market Conditions, Technology, Performance, Legislation, Challenge

• Market Conditions, Technology, Performance, Legislation, Survival

• Market Conditions, Technology, Performance, Legislation, Internal Reasons

Opportunities for globalisation

• Access to larger Markets, Lower Costs, Access to Labour, Increased risk of external shock

• Access to larger Markets, Lower Costs, Access to Labour, Reduced Taxation

• Access to larger Markets, Lower Costs, Access to Labour, Takeovers

• Access to larger Markets, Lower Costs, Access to Labour, Competition

Threats of globalisation

• Competition, Takeovers, Reduced Taxation

• Competition, Takeovers, Access to Labour

• Competition, Takeovers, Increased risk of external shock

• Competition, Takeovers, International Transport Networks

A fall in an exchange rate impact on exports

• Selling and importing goods into other countries will be more expensive making profit for the country

• Exporting goods into the country will be more expensive causing countries to buy less from other countries and rely on their own goods which could benefit the government

• Exporting goods into a country will be cheaper

• Selling and importing goods into other countries will be cheaper

A fall in an exchange rate impact on imports

• Selling and importing goods into other countries will be cheaper

• Exporting goods into a country will be cheaper

• Exporting goods into the country will be more expensive causing countries to buy less from other countries and rely on their own goods which could benefit the government

• Selling and importing goods into other countries will be more expensive making profit for the country

A rise in an exchange rate impact on exports

• Exporting goods into a country will be cheaper

• Exporting goods into the country will be more expensive causing countries to buy less from other countries and rely on their own goods which could benefit the government

• Selling and importing goods into other countries will be more expensive making profit for the country

• Selling and importing goods into other countries will be cheaper

A rise in an exchange rate impact on imports

• Exporting goods into a country will be cheaper

• Selling and importing goods into other countries will be cheaper

• Exporting goods into the country will be more expensive causing countries to buy less from other countries and rely on their own goods which could benefit the government

• Selling and importing goods into other countries will be more expensive making profit for the country

What involvement does a government have with an economy?

• Reduce Unemployment, Economic Growth, Reduce the gap between rich and poor, Balance Imports and exports, Performance

• Reduce Unemployment, Economic Growth, Reduce the gap between rich and poor, Balance Imports and exports, Internal Reasons

• Reduce Unemployment, Economic Growth, Reduce the gap between rich and poor, Balance Imports and exports, Maintain stable prices

• Reduce Unemployment, Economic Growth, Reduce the gap between rich and poor, Balance Imports and exports, Technology