AQA•A-Level•Business
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What is Business?
Understanding business purpose, forms, objectives, and stakeholders
Practice 64 subtopics in What is Business?. All questions match the AQA A-Level specification.
About What is Business?
What is Business? is a key topic in the AQA A-Level Businessspecification. This topic covers understanding business purpose, forms, objectives, and stakeholders.
Master all 64 subtopics below with unlimited AI-generated questions. Each subtopic page includes sample questions and the ability to generate unlimited practice questions with detailed solutions.
All Subtopics (64)
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Purpose of business activityMission statementsCorporate objectivesAims vs objectivesProfit motiveNon-profit objectivesSocial enterprisesAdding valueCreating value for customersPrimary sectorSecondary sectorTertiary sectorQuaternary sectorBusiness activity and wealth creationSole tradersAdvantages of sole tradersDisadvantages of sole tradersPartnershipsPartnership agreementsLimited liability partnerships (LLP)Private limited companies (Ltd)Public limited companies (PLC)Share capitalShareholdersDividendsLimited liabilityUnlimited liabilityIncorporationArticles of AssociationFranchise businessesFranchisors and franchiseesSocial enterprisesCooperativesMutual organisationsNot-for-profit organisationsCharitiesCorporate objectivesFunctional objectivesHierarchy of objectivesSMART objectivesProfit maximisationRevenue maximisationSales maximisationMarket share objectivesCost minimisationSurvival objectivesGrowth objectivesCorporate social responsibility (CSR)Ethical objectivesEnvironmental objectivesTriple bottom lineInternal stakeholdersExternal stakeholdersShareholders as stakeholdersEmployees as stakeholdersCustomers as stakeholdersSuppliers as stakeholdersLocal community as stakeholdersGovernment as stakeholdersPressure groupsStakeholder conflictStakeholder mappingMendelow's stakeholder matrixBalancing stakeholder interests
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