Thai Sikh International School
E-Learning Programme – Online
Assignment – 09/09/2014
Name
: Subject
: Business Studies
Year : 9 A/B Schedule No :
1
Match
the business objective to the definition, use colours to match them up.
|
To make a profit
|
The main aim of these businesses could be to provide
essential services, such as electricity and water.
|
|
Business expansion
|
This is the difference between the selling price of
a product and the value of the inputs used to make it.
|
|
To increase value added
|
When a business is owned by private individuals,
rather than the government, the business will aim to make a profit.
|
|
Providing a service
|
When a business sets up, or when the economy is
going in to recession, a business will concentrate on surviving. For examples
they could lower their prices in order to maximise sales and survive.
|
|
Survival
|
Business growth has many benefits, such as spreading
the risk of
|
Stakeholders
are groups of _________ who have a stake or _________ in the performance of a
business. They include customers, owners, managers, employees and
suppliers. Problems arise when
stakeholders _________ (conflict of interest).
Profits
vs service – the owner may want to maximise __________, to do this they may
need to cut down costs this may affect the quality of the _________. The
__________ will be against this as they want a better service.
Employer
vs worker – the employer wants greater __________, and may reduce their working
hours which may mean less pay. The workers want more ______.
people service interest customers
efficiency disagree profits pay
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