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Cambridge IGCSE Business Studies practice

Paper 1 structured question: Business objectives and stakeholder objectives

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Attempt questionBusiness objectives and stakeholder objectives revisionRevise the key idea

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Business objectives and stakeholder objectives

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Paper 1Short Answer and Data Response1 marks

Comparing the objectives of different sectors.

Description

Objectives of Organizations

Private sector organizations aim to maximize profits, while public sector organizations focus on providing services to the public.

  1. a

    State the main objective of private sector organizations.

    Aim for approximately 1 distinct marking point.

    [1]

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Paper 1 structured question: Business objectives and stakeholder objectives

Paper 1Short Answer and Data Response4 marks

Description

Impact of Objectives

The differing objectives of private and public sector organizations influence their operational strategies and decision-making processes.

  1. a

    Explain how the objectives of public sector organizations differ from those of private sector organizations.

    Aim for approximately 4 distinct marking points.

    [4]