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.
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The 20 questions
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Which is an external reason for a business to change its aims?
- New legislation
- Manager resignation
- Internal restructuring
- Production targets
-
Which of the following represents a change in market conditions?
- Office relocation
- Staff promotion
- Economic recession
- New machinery
-
If technology makes a product obsolete, what is the likely new aim?
- Maintain status quo
- Product innovation
- Ignore new trends
- Reduce marketing budget
-
Poor financial performance like losses typically causes a shift towards which aim?
- Survival
- International growth
- Market leadership
- Rapid expansion
-
Which of these is an internal reason for a business changing its aims?
- New environmental rules
- A new owner
- A change in tax law
- Rising inflation rates
-
Which of these is NOT a valid reason for aims to change?
- Business performance
- Postal address change
- New legislation
- Market conditions
-
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 and it aims to stay open instead of expanding. What change is this?
- Growth to survival
- Entering a new market
- Increasing product range
- Survival to growth
-
A company stops selling in one country after losing money there. What action is this?
- Exiting a market
- Reducing workforce
- Expanding the range
- Entering a market
-
A business cuts staff numbers after introducing a new automated machine. What change is this?
- Increasing product range
- Reducing the workforce
- Growth to survival
- Entering a new market
-
Which aim change occurs when a toy firm expands its offering from 5 to 12 products?
- Market share growth
- Product diversification
- Financial survival
- Cost minimisation
-
Which business response is a direct internal reaction to rising wage legislation?
- Moving headquarters
- Improving productivity
- Updating company logo
- Changing the postal address
-
Which factor is an internal reason for changing business aims?
- Global oil prices
- Minimum wage law
- Exchange rate shifts
- New managing director
-
A firm has rising profits and spare cash. Which aim is most likely?
- Slashing the workforce
- Exiting all sectors
- Immediate business closure
- Entering new markets
-
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 survival to growth. Which action shows this?
- Halting all production
- Closing main stores
- Cutting staff numbers
- Opening new branches
-
A UK car maker opens its first factory in India. What change is this?
- Growth to survival
- Entering a new market
- Reducing workforce
- Exiting a market
-
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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