Edexcel IGCSE Business Studies 1.1 business objectives
Practise business objectives by separating financial from non-financial aims and linking each objective to decisions in a case study.
- Syllabus
- First assessment 2019
- Course
- Business Studies 4BS1
Exam points
- Distinguish financial aims from non-financial objectives in short-response items.
- Apply objectives to a named business and explain likely effects on decisions.
- Evaluate social objectives through growth, costs, image and stakeholder reactions.
Covered syllabus points
1.1 Business objectives question 1
IKEA is a well-known home furniture retailer with stores throughout the world. It was started in 1943 by Ingvar Kamprad when he was given some money by his father for doing well at school. He wanted to produce furniture at a price that people could afford to buy.
He realised that transporting furniture to customers was difficult as goods were often damaged. He developed flat packs to avoid damage. A flat pack contained all the materials needed to self-assemble a table, a chair or a bed.
All IKEA stores are run as franchises.
Which one of the following is a financial business objective?
Select one answer.
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