Question detail
QuickFix Repairs serves premium buyers while launching a product; the case evidence includes labour productivity of ?6,395, sales of 930 units, and a 40% change in costs or demand. Which option best applies Explain the role of objectives in running a business?
Try the question, check the answer, then read the explanation to understand the curriculum point.
At a glance
MCQ
Type
practice
Style
Topic
Setting business aims and objectives
Question
- A. Use business, running, objectives, role to judge gross profit margin, employees impact, and the business objective in Aims and objectives.
- B. Give only a definition of Setting business aims and objectives without using the case evidence.
- C. Treat fixed and variable costs as identical and ignore the effect on employees.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use business, running, objectives, role to judge gross profit margin, employees impact, and the business objective in Aims and objectives.
Explanation
This is the best-supported choice because Use business, running, objectives, role to judge gross profit margin, employees impact, and the business objective in Aims and objectives. The case evidence gives ?7,895, 930 units, and 40%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse fixed and variable costs, miss the employees, or ignore the business objective.
Common mistake
Aims and objectives common mistake 1
Giving a vague answer instead of directly addressing: Explain the role of objectives in running a business..
Answer by clearly explaining how to explain the role of objectives in running a business..
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