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Worksheets2.1.2 - Changes in business aims & objectives
Total questions: 13
Worksheet time: 7mins
ALDI plans to recruit 4,000 new employees in the UK over the next 3 years. This is an example of the business:
Focusing on survival
Exiting markets
Growing its workforce
Decreasing its product range
When IKEA opens its first store in India it will be focussing on:
Survival
Decreasing its product range
Reducing its workforce
Entering new markets
Factors such as the economic climate, competition and changing tastes and fashions can affect the aims and objectives of a business. These would be classed as a change in aims and objectives in response to:
Internal reasons
Technology
Legislation
Market conditions
The introduction of the National Living Wage meant some businesses had to change their aims and objectives. This was in response to a change in:
Technology
Business performance
Internal factors
Legislation
Which of the following statements is true in relation to why an evolving business’s aims/objectives may change?
A newly appointed management team is an example of a change in market conditions
A business sales and profits increasing is an example of a response to business performance
A new competitor entering the market is an example of an internal change
The introduction of regulations meaning businesses have to charge for plastic bags is an example of a change in response to technology
A business changes it aims and objectives following the appointment of a new managing director. The change was in response to:
Technology
Market conditions
Internal reasons
Legislation
When Marks & Spencer announced its intentions to close stores in several countries, including Belgium and The Netherlands, it was classed as:
Focusing on growth
Exiting markets
Growing the workforce
Increasing product range
The development and growth of e-commerce affecting business aims and objectives is an example of changes in which of the following factors?
Market conditions
Technology
Performance
Legislation
When a business makes redundancies it is an example of it focussing upon:
Growth
Entering new markets
Reducing its workforce
Increasing its product range
A business has experienced a significant fall in sales due to a slowdown in the economy. In this situation, the business is likely to focus upon:
Growing the workforce
Domestic expansion
Increasing its product range
Survival
A business that changes its aims and objectives in response to shifting consumer tastes and fashions would be responding to changes in:
Technology
Legislation
Business performance
Market conditions
Which two of the following are direct examples of businesses growing their workforce?
The Range opens a new store creating 80 job vacancies
Tesco decides to exit the Japanese market
New Look considers closing 60 stores across the UK
Lidl creates 700 new posts as it expands its business
Morgan adds a three wheeler vehicle to its range of cars sold in China
If BMW expands the range of electric cars offered to customers and, in turn, creates new production jobs, it would be classed as which two of the following?
Growing its workforce
Focusing on survival
Exiting markets
Reducing its workforce
Increasing its product range
