Pearson Edexcel International GCSE (9-1) Business - 1 - Business activity
influences on business
Study online at https://quizlet.com/_a7dhyx
1. Financial aims Are linked to money. Their goal is to either make sure the business can afford to
and objectives keep running or help it to make a profit.
2. Survival Is a very common objective for a small business. Business survival refers to keeping
the business operating for a certain amount of time. Most businesses initially aim
to survive their first year.
3. Profit Refers to any money left over after all costs have been taken away from any revenue
made by a business. Businesses usually aim to make a profit within the first two
years.
4. Sales Refer to an amount of a product or service sold by a business. A business will set a
target for how much it wants to sell each month and year. This gives the business
a target to aim for and a purpose to what its employees do each day.
5. Market share Refers to the percentage of the market that a business occupies. The market is the
industry that a business operates in, for example the fast food industry. An example
, Pearson Edexcel International GCSE (9-1) Business - 1 - Business activity
influences on business
Study online at https://quizlet.com/_a7dhyx
of an objective for market share might be 'to have 5% share of the fast food market
within a 100-mile radius in the first 12 months'.
6. Financial security Relates to a business being able to afford to pay off all its costs and have enough
cash left to survive. It also relates to an entrepreneur achieving a level of income
that will allow them to keep the business operating.
7. Non-financial Are linked to anything other than making money for the business. These are usually
aims and linked to personal reasons behind an entrepreneur setting up a business.
objectives
8. Social objectives Are linked to doing things in an ethical or environmentally friendly manner, or
having a business whose sole purpose is to meet a social need. For example, an
entrepreneur may aim to provide only products that are sustainably sourced or use
only solar energy to power their business.
9. Personal satisfac- Relates to an entrepreneur feeling satisfaction that they have created a successful
tion business. It may be that an entrepreneur is able to make a business out of a hobby
or personal interest.
influences on business
Study online at https://quizlet.com/_a7dhyx
1. Financial aims Are linked to money. Their goal is to either make sure the business can afford to
and objectives keep running or help it to make a profit.
2. Survival Is a very common objective for a small business. Business survival refers to keeping
the business operating for a certain amount of time. Most businesses initially aim
to survive their first year.
3. Profit Refers to any money left over after all costs have been taken away from any revenue
made by a business. Businesses usually aim to make a profit within the first two
years.
4. Sales Refer to an amount of a product or service sold by a business. A business will set a
target for how much it wants to sell each month and year. This gives the business
a target to aim for and a purpose to what its employees do each day.
5. Market share Refers to the percentage of the market that a business occupies. The market is the
industry that a business operates in, for example the fast food industry. An example
, Pearson Edexcel International GCSE (9-1) Business - 1 - Business activity
influences on business
Study online at https://quizlet.com/_a7dhyx
of an objective for market share might be 'to have 5% share of the fast food market
within a 100-mile radius in the first 12 months'.
6. Financial security Relates to a business being able to afford to pay off all its costs and have enough
cash left to survive. It also relates to an entrepreneur achieving a level of income
that will allow them to keep the business operating.
7. Non-financial Are linked to anything other than making money for the business. These are usually
aims and linked to personal reasons behind an entrepreneur setting up a business.
objectives
8. Social objectives Are linked to doing things in an ethical or environmentally friendly manner, or
having a business whose sole purpose is to meet a social need. For example, an
entrepreneur may aim to provide only products that are sustainably sourced or use
only solar energy to power their business.
9. Personal satisfac- Relates to an entrepreneur feeling satisfaction that they have created a successful
tion business. It may be that an entrepreneur is able to make a business out of a hobby
or personal interest.
