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What is a mission statement?
People or groups of people who have an interest in the success of a business.
the difference between the cost of purchasing raw materials and the price the finished goods are sold for
Providing financial support to an education charity.
A confectionery manufacturer decides not to advertise directly to children as sweets can cause tooth decay.
takes the risk of starting and managing a business venture
the total value of a company’s issued shares
a statement of the business’s central purpose
factors external to the business are never constant
Which one of the following is an example of how an ethical decision might reduce business profit?
People or groups of people who have an interest in the success of a business.
the difference between the cost of purchasing raw materials and the price the finished goods are sold for
Providing financial support to an education charity.
A confectionery manufacturer decides not to advertise directly to children as sweets can cause tooth decay.
takes the risk of starting and managing a business venture
the total value of a company’s issued shares
a statement of the business’s central purpose
factors external to the business are never constant
Which one of the following is an accurate definition of the term ‘stakeholder’?
People or groups of people who have an interest in the success of a business.
the difference between the cost of purchasing raw materials and the price the finished goods are sold for
Providing financial support to an education charity.
A confectionery manufacturer decides not to advertise directly to children as sweets can cause tooth decay.
takes the risk of starting and managing a business venture
the total value of a company’s issued shares
a statement of the business’s central purpose
factors external to the business are never constant
When a business ‘creates or adds value’ it increases:
People or groups of people who have an interest in the success of a business.
the difference between the cost of purchasing raw materials and the price the finished goods are sold for
Providing financial support to an education charity.
A confectionery manufacturer decides not to advertise directly to children as sweets can cause tooth decay.
takes the risk of starting and managing a business venture
the total value of a company’s issued shares
a statement of the business’s central purpose
factors external to the business are never constant
Which one of the following best illustrates the behaviour of an oil company that is concerned about its social responsibilities?
People or groups of people who have an interest in the success of a business.
the difference between the cost of purchasing raw materials and the price the finished goods are sold for
Providing financial support to an education charity.
A confectionery manufacturer decides not to advertise directly to children as sweets can cause tooth decay.
takes the risk of starting and managing a business venture
the total value of a company’s issued shares
a statement of the business’s central purpose
factors external to the business are never constant
Market capitalisation is defined as:
People or groups of people who have an interest in the success of a business.
the difference between the cost of purchasing raw materials and the price the finished goods are sold for
Providing financial support to an education charity.
A confectionery manufacturer decides not to advertise directly to children as sweets can cause tooth decay.
takes the risk of starting and managing a business venture
the total value of a company’s issued shares
a statement of the business’s central purpose
factors external to the business are never constant
An entrepreneur is someone who:
People or groups of people who have an interest in the success of a business.
the difference between the cost of purchasing raw materials and the price the finished goods are sold for
Providing financial support to an education charity.
A confectionery manufacturer decides not to advertise directly to children as sweets can cause tooth decay.
takes the risk of starting and managing a business venture
the total value of a company’s issued shares
a statement of the business’s central purpose
factors external to the business are never constant
A dynamic business environment means:
People or groups of people who have an interest in the success of a business.
the difference between the cost of purchasing raw materials and the price the finished goods are sold for
Providing financial support to an education charity.
A confectionery manufacturer decides not to advertise directly to children as sweets can cause tooth decay.
takes the risk of starting and managing a business venture
the total value of a company’s issued shares
a statement of the business’s central purpose
factors external to the business are never constant
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