2.1.2 Changes In Business Aims and Objectives

Question 1

Name 5 Causes That Can Change Business Aims and Objectives?

Answer 1

• 1) Technology
• 2) Market Conditions
• 3) Business Performance
• 4) Legislation
• 5) Internal Reasons

Question 2

How Is Technology Going To Change Aims and Objectives For a Business?

Answer 2

• Adapting to New Technology or The Innovation of New Products Is Made Possible by New Technology.

Question 3

How Is Market Conditions Going To Change Aims and Objectives For a Business?

Answer 3

• The Economic Climate may Change the Level of Demand and Spending in The Market.

Question 4

How Is Legislation Going To Change Aims and Objectives For a Business?

Answer 4

• Legislation May Force a Business to change its products and services.

Question 5

How Is Internal Reasons Going To Change Aims and Objectives For a Business?

Answer 5

• A Change in Working Culture or the Business Leader is Also Likely to Influence its Objectives.

Question 6

How Is Business Performance Going To Change Aims and Objectives For a Business?

Answer 6

• Business Will have times where they are most or less profitable.

Question 7

Give a Impact on a Business from reducing the Size Of Its Workforce (3 Marker)

Answer 7

The Labour Costs Of a Business May Fall (P) This is Because the business will not have to pay Many Wages/Salaries to Worker (S) This Leads To The Break- Even Point of A Business Falling (S)