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2.1.2 Changes in Aims and Objectives Re-Cap Quiz

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

ALDI plans to recruit 4,000 new employees in the UK over the next 3 years. This is an example of the business:

a)

Focusing on survival

b)

Exiting markets

c)

Growing its workforce

d)

Decreasing its product range

2.

When IKEA opens its first store in India it will be focussing on:

a)

Survival

b)

Decreasing its product range

c)

Reducing its workforce

d)

Entering new markets

3.

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:

a)

Internal reasons

b)

Technology

c)

Legislation

d)

Market conditions

4.

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:

a)

Technology

b)

Business performance

c)

Internal factors

d)

Legislation

5.

A business changes it aims and objectives following the appointment of a new managing director. The change was in response to:

a)

Technology

b)

Market conditions

c)

Internal reasons

d)

Legislation

6.

When Marks & Spencer announced its intentions to close stores in several countries, including Belgium and The Netherlands, it was classed as:

a)

Focusing on growth

b)

Exiting markets

c)

Growing the workforce

d)

Increasing product range

7.

The development and growth of e-commerce affecting business aims and objectives is an example of changes in which of the following factors?

a)

Market conditions

b)

Technology

c)

Performance

d)

Legislation

8.

When a business makes redundancies it is an example of it focussing upon:

a)

Growth

b)

Entering new markets

c)

Reducing its workforce

d)

Increasing its product range

9.

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:

a)

Growing the workforce

b)

Domestic expansion

c)

Increasing its product range

d)

Survival

10.

A business that changes its aims and objectives in response to shifting consumer tastes and fashions would be responding to changes in:

a)

Technology

b)

Legislation

c)

Business performance

d)

Market conditions