Business Studies Revision Questions, Gcse, Business and People
Year 10 Revision guide A292 Business and People
1. Explain two reasons why businesses exist - use relevant examples to illustrate your answer. Businesses exist because without them many people would be unemployed because businesses supply many people with jobs, this is crucial because it gives money to the workers and enables the workers to pay for there family’s. Businesses exist because create products that are needed in daily life for example “Dell” creates laptops and desktops that people use daily for there businesses or work etc….
2. List four business stakeholders and briefly outline their objectives 
3. Choose two stakeholders in a firm such as Marks and Spencer Plc - explain why their objectives are different and how might stakeholder conflict arises? 
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5. Identify three business objectives. 
6. In each of the following cases, select and explain appropriate business objectives. (bearing in mind that objectives change over time)
a - A large mobile phone
1. Explain two reasons why businesses exist - use relevant examples to illustrate your answer. Businesses exist because without them many people would be unemployed because businesses supply many people with jobs, this is crucial because it gives money to the workers and enables the workers to pay for there family’s. Businesses exist because create products that are needed in daily life for example “Dell” creates laptops and desktops that people use daily for there businesses or work etc….
2. List four business stakeholders and briefly outline their objectives 
3. Choose two stakeholders in a firm such as Marks and Spencer Plc - explain why their objectives are different and how might stakeholder conflict arises? 
………………………………………………………………………………
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………………………………………………………………………………. ……………………………………………………………………………… ……………………………………………………………………………… ……………………………………………………………………………… ……………………………………………………………………………… ……………………………………………………………………………… ……………………………………………………………………………… ……………………………………………………………………………… ……………………………………………………………………………… 4. Using the example above, explain how a business might try to respond to the conflict between stakeholders. ………………………………………………………………………… ……………………………………………………………………………… ……………………………………………………………………………… ………………………………………………………………………………
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5. Identify three business objectives. 
6. In each of the following cases, select and explain appropriate business objectives. (bearing in mind that objectives change over time)
a - A large mobile phone