Business objectives and stakeholder objectives

Identify and explain one advantage and one disadvantage for Rosa and Eduardo of setting up a business partnership.

May/June 2016

Identify and explain two possible reasons why Thao and Liang have chosen 'excellent customer service' as the main business objective.

May/June 2016

Identify four stakeholder groups linked to DADS in the case study and explain one objective for each group.

May/June 2016

CFE produces high-quality steel for shipbuilding. 40% of its output is exported. CFE’s machinery is old and often breaks down. CFE intends to downsize (reduce) its workforce and 1200 of its 2100 skilled employees could be made redundant. The Managing Director says demand has fallen because of recession in some economies. A trade union spokeswoman asked: ‘Where are the opportunities from globalisation?’ This action will influence many stakeholder groups. There must be some other method for CFE to cut costs.’

May/June 2017

Identify and explain four reasons that profit matters to Peter.

May/June 2018

SWQ operates 200 clothing shops in country A. It buys all inventory from 3 local clothing manufacturers. The Marketing Director must decide whether to switch suppliers. SWQ could source inventory from country C, a low cost country. He showed the newspaper article in Figure 2 to the other directors. He said: ‘Read this newspaper article. We serve a mass market and our customers expect low prices. Switching suppliers to manufacturers in country C would affect our stakeholders.’ Figure 2: Newspaper article. The article is headed ‘Factory life in country C’ and says the following: ‘You can see why many retailers are buying from country C. 15-hour days for wages of $2 a week. A spokesperson for one pressure group said: ‘Today I saw 8-year-old children sewing buttons onto suits and it is legal in this country.’’

May/June 2019

Identify and explain the ways in which the two stakeholder groups below could be affected by SA’s expansion plans. Shareholders Local community

May/June 2019

Identify and explain one benefit and one drawback to WA of developing new products.

May/June 2019

Gareth is preparing to launch a car washing business with government support. He is studying market research data to guide the key choices he has to make about the business. Extracts from this data are shown in Figure 3.1 and Figure 3.2. Gareth said: ‘I will need to set business objectives.’ He intends to keep the business small. Gareth is concerned about the possible impact of higher taxes. Figure 3.1 shows a pie chart titled ‘Do you have a car?’ with 77% labelled ‘Yes’ and 23% labelled ‘No’. Figure 3.2 shows a car illustration with the text ‘Average price paid for a car wash’ and the price ‘$6.34’ written inside the car.

May/June 2022

Explain one business objective for ET and one different objective that a social enterprise such as Daycare may aim for.

May/June 2023

Explain four reasons why profit matters to a business.

May/June 2024

Explain one objective that each of the following TSE stakeholder groups could have. Shareholders: Suppliers: Employees: Customers:

May/June 2025

ReBag operates as a social enterprise. Asha launched the business three years ago with micro-finance. ReBag employs 30 women across four small towns in different parts of the country. They work from home and produce a range of bags from pieces of old fabric (cloth). In the previous year, ReBag’s revenue was $700. Asha said: ‘Our external stakeholders want ReBag to employ women in five more towns. Securing a bank loan to expand the business is going to be a problem. What will I do about management? How will I communicate? I cannot keep visiting everyone.’

Oct/Nov 2016

CHONS is a public limited company. The directors plan to open a new coal mine. All of the coal would be exported. The Managing Director is hopeful that the Government will permit the coal mine to open. She said: ‘CHONS always complies with legal controls. In an area with high unemployment, surely creating jobs is more important than protecting the environment. Most stakeholder groups, including shareholders and suppliers, are satisfied. CHONS will not be asking for any Government support.’

Oct/Nov 2017

Identify and explain the effect of the new product on these two MF stakeholder groups. Employees affected: Customers affected:

Oct/Nov 2019

Neil and the part-time employees are both QC stakeholders.

Oct/Nov 2019

Explain two reasons why having business objectives matters to Gemma.

Oct/Nov 2020

Explain two advantages and two drawbacks to a business of becoming a public limited company.

Oct/Nov 2020

SBG produces a variety of goods, including specialist paints. It operates 6 factories and employs 700 workers. All SBG’s employees are encouraged to take part in decision-making. SBG’s products are exported to 16 countries, with wholesalers as the main distribution channel. The Managing Director said that the business aims to grow and make a profit. He also recognises that all business activity creates externalities for SBG’s stakeholder groups.

Oct/Nov 2021

GBR makes shoes. Under its current production method, GBR is able to produce 18 000 pairs of shoes each week. GBR is a limited company. Its chief aim is to raise profit. This aim can clash with the aims of other stakeholder groups, including GBR’s 450 employees. The business does not export any of its products. The directors are keen to examine the opportunities that globalisation could bring to GBR.

Oct/Nov 2022

Explain four business objectives that Tokumbo could choose for SA.

Oct/Nov 2022

Using Appendix 3 and the other information provided, explain two ways exchange-rate depreciation could influence BB.

Oct/Nov 2023

Explain two ways in which the slump in country P’s economy could be affecting SA.

Oct/Nov 2024