Business Objectives and Stakeholders

What is the primary objective for new or small firms?

• Survival

• Market share growth

• Corporate social responsibility

• Profit maximisation

Which of the following is NOT an advantage of setting business objectives?

• Reduces conflicts

• Increases motivation

• Easier decision making

• Guarantees success

What does profit represent in a business?

• Market share

• Total sales

• Leftover revenue after deducting costs

• Investment capital

Each business has 1 objective and it does NOT change overtime.

• True

• False

What is a key objective of shareholders?

• Environmental protection

• Social responsibility

• Business growth

• Job security

What do workers typically seek from their employment?

• Business growth

• Market share

• Job satisfaction

• Higher profits

Which stakeholder group is primarily concerned with the repayment of loans?

• Government

• Community

• Banks

• Customers

What is a common objective of the government regarding businesses?

• Provide job security

• Maximise profits

• Increase market share

• To be environmentally friendly

What is a potential conflict between workers and shareholders?

• Market share vs. survival

• Profit vs. business growth

• Higher salaries vs. lower prices

• Job satisfaction vs. profit maximisation

What is the main aim of public sector businesses?

• Maximise profits

• Provide community services

• Increase market share

• Expand globally