Business 7115 · O Level · Business objectives and stakeholder objectives

Business objectives and stakeholder objectives — practice question

(a)[8]

Identify and explain four reasons that show why profit matters to Peter.

(b)[12]

Peter is weighing up the following two options. Recommend which one he ought to choose. Justify your answer. Hire his own personal trainers. Charge a fixed fee to personal trainers who work for themselves in order to use VG’s facilities with their clients. Recommendation:

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: Source of finance/retained profit/Peter could use the profit for reinvestment - enlarge the gym by purchasing new equipment

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