Lesson 2.1.2a
2.1.2a Reasons aims and objectives change Quiz: Pearson Edexcel Business, Unit 6
20 questions
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Lesson 2.1.2a, Reasons aims and objectives change: 20 multiple choice questions for the Pearson Edexcel GCSE Business (1BS0), Unit 6: Growing the business, written with Revision Ninja.
Host it live on the board and students join with a game code on their own devices, or revise alone with Free Play. The answers are revealed in the game.
The 20 questions
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Which is an external reason a business might change its aims?
- A decision to change the company logo
- A new coffee machine installed in the staff room
- A change in legislation
- A rise in the number of staff car parking spaces
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Which is an example of a change in market conditions?
- A decision by directors to move the head office
- A rise in the business's own level of debt
- A new staff training programme
- A fall in consumer spending during a recession
-
A new technology makes a firm's product obsolete. Which aim is most likely to change?
- To invest in new technology to stay in business
- To stop all investment in research
- To close every site and sell up immediately
- To cut the product range to zero
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Poor performance, such as losses, is most likely to lead a business to change its aims to:
- launch a much larger range of products
- increase the size of its workforce quickly
- focus on survival rather than growth
- focus on rapid overseas expansion
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Which factor is an internal reason for a change in aims?
- A rival launching a similar product in the same market segment
- A new law on product packaging that all firms must follow
- A rise in interest rates set by the central bank this year
- A new owner with a different plan for the business
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Which is NOT one of the reasons aims and objectives change as set out in the specification?
- A change in the company's postal address
- Technology, such as new production methods and machinery
- Legislation, such as new laws on product safety and labelling
- Market conditions, such as changes in consumer demand
-
A business's sales fall because consumers switch to cheaper rivals. Which reason for changing aims does this reflect?
- Market conditions
- Internal reasons
- Legislation
- Technology
-
A café's sales fall after a new rival opens nearby. The owners now aim to keep the business open rather than open a second branch. Which change of aim is this?
- From one product to a wider range
- From growth to survival
- From exporting to importing
- From survival to growth
-
A company stops selling in one country after losing money there. What change is this?
- Entering a market
- Increasing the product range
- Exiting a market
- Increasing the workforce
-
A business reduces its workforce because a new machine does the work of 20 people. Which aim change does this show?
- Increasing the product range
- Entering new markets
- Reducing the workforce
- Growing the workforce
-
A toy firm that sold 5 products now sells 12 after a successful year. Which aim change is this?
- Increasing the product range
- Exiting markets
- Focusing on survival
- Decreasing the product range
-
A government raises the minimum wage. Which response would show a change in the business's aims?
- A new aim to stop all trading immediately and close the business
- A new aim to ignore all costs and focus only on sales volume
- A new aim to reduce the workforce and improve productivity
- A new aim to double the workforce quickly to meet demand
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Which example shows an internal reason for changing aims?
- A new environmental law affecting the packaging the firm uses
- A new managing director wants the firm to focus on quality
- A fall in the value of the currency against the dollar
- A sharp rise in global oil prices that raises transport costs
-
A firm's profits have risen for three years and it has spare cash. Which aim change is most likely?
- Growth through entering new markets
- Reducing the workforce to the minimum
- Survival by cutting its whole product range
- Exiting its main market
-
A bakery sees its sales fall because a new rival sells similar goods more cheaply. Which reason for changing aims is most relevant?
- Internal reasons
- Market conditions
- Technology
- Legislation
-
A business shifts from focusing on survival to focusing on growth. Which change would best show this?
- Opening new branches after a return to rising sales
- Cutting its product range down to a single old product line
- Closing its least profitable branches to reduce its costs
- Reducing its workforce by a third after a fall in demand
-
A car maker opens its first factory in India. Which aim change is shown?
- Decreasing the product range
- Exiting a market
- Entering a new market
- Reducing the workforce
-
A firm finds that a new technology lets it sell online, but the old business model cannot support it. Which reason for changing aims is shown?
- Market conditions
- Performance
- Technology
- Legislation
-
A business's owners decide to retire and sell up. Which reason for changing aims is shown?
- Technology
- Legislation
- Internal reasons
- Market conditions
-
A business with falling profits for two years decides cutting costs is now its priority. Which reason for changing aims is shown?
- Performance
- Market conditions
- Technology
- Legislation
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