Pearson Edexcel International GCSE (9-1) Business - 1 - Business
activit and influences on business 2024
1. Financial aims Are linked to money. Their goal is to either make sure the
and objectives business can afford to 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
, Pearson Edexcel International GCSE (9-1) Business - 1 - Business
activit and influences on business 2024
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 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 securi- Relates to a business being able to afford to pay off all its
ty 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
aims and business. These are usually linked to personal reasons
objectives behind an entrepreneur setting up a business.
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.
, Pearson Edexcel International GCSE (9-1) Business - 1 - Business
activit and influences on business 2024
9.
Personal satis- Relates to an entrepreneur feeling satisfaction that they
faction have created a successful business. It may be that an
entrepreneur is able to make a business out of a hobby or personal interest.
10. Challenge Relates to an entrepreneur setting up a business with the intention
that making it successful will challenge them or take them out of their comfort
zone.
11. Control Relates to an entrepreneur's goal of being able to control the
business and make decisions about how it is run. These aims and objectives
may relate to decisions around what the business sells, where it buys raw
materials from, and how much its product or service is sold for.
activit and influences on business 2024
1. Financial aims Are linked to money. Their goal is to either make sure the
and objectives business can afford to 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
, Pearson Edexcel International GCSE (9-1) Business - 1 - Business
activit and influences on business 2024
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 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 securi- Relates to a business being able to afford to pay off all its
ty 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
aims and business. These are usually linked to personal reasons
objectives behind an entrepreneur setting up a business.
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.
, Pearson Edexcel International GCSE (9-1) Business - 1 - Business
activit and influences on business 2024
9.
Personal satis- Relates to an entrepreneur feeling satisfaction that they
faction have created a successful business. It may be that an
entrepreneur is able to make a business out of a hobby or personal interest.
10. Challenge Relates to an entrepreneur setting up a business with the intention
that making it successful will challenge them or take them out of their comfort
zone.
11. Control Relates to an entrepreneur's goal of being able to control the
business and make decisions about how it is run. These aims and objectives
may relate to decisions around what the business sells, where it buys raw
materials from, and how much its product or service is sold for.
