Learning objective
Explain why objectives differ between businesses, including business size, competition and not-for-profit status.
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5
Flashcards
7
Questions
Topic
Setting business aims and objectives
Subtopic
Changing objectives and success measures
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Short explanation
A strong answer here, Explain why objectives differ between businesses, including business size, competition and not-for-profit status sits within Changing objectives and success measures and Setting business aims and objectives for AQA GCSE Business 8132. Use a business such as PeakPods serves online shoppers while training staff; the case evidence includes customer retention of ?5,273, sales of 968 units, and a 38% change in costs or demand to keep the explanation applied. The important reasoning is to connect competition with the business objective, the financial implication, and the effect on shareholders. Avoid treating stakeholders and shareholders as the same thing. A high-quality answer should explain the commercial trade-off, use precise evidence, and finish with a judgement that depends on the context rather than a generic definition.
Key concepts
Why it matters
This objective helps connect Changing objectives and success measures to exam-style questions, flashcards, and revision notes for Setting business aims and objectives.
Common mistakes
1 linked- Changing objectives and success measures common mistake 1: Answer by clearly explaining how to explain why objectives differ between businesses, including business size, competition and not-for-profit status..
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Practice Questions7 linked questions
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Revision notestopic notes
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Open revision notesRelated learning objectives
- Explain the main business aims and objectives: survival, profit maximisation, domestic and international growth, market share, customer satisfaction, social and ethical objectives and shareholder value.
Aims and objectives
- Explain the role of objectives in running a business.
Aims and objectives
- Explain why objectives may change as businesses evolve from start-up to larger established businesses.
Changing objectives and success measures
- Explain why business success can be measured by more than profit.
Changing objectives and success measures
