Explain two advantages and two disadvantages of BB being a public limited company. Advantage 1: ................................................................................................................ ....................................................................................................................................... ....................................................................................................................................... ....................................................................................................................................... Advantage 2: ................................................................................................................ ....................................................................................................................................... ....................................................................................................................................... ....................................................................................................................................... Disadvantage 1: ............................................................................................................ ....................................................................................................................................... ....................................................................................................................................... ....................................................................................................................................... Disadvantage 2: ............................................................................................................ ....................................................................................................................................... ....................................................................................................................................... .......................................................................................................................................

Business

IGCSE&ALevel

CAIE

Exam No：0450_w24_qp_22 Year：2024 Question No：1(a)

Answer:

1.4.1.1 the objectives of businesses – private sector, public sector, and social enterprises

1.4.1.2 the importance of business objectives

1.4.1.3 corporate social responsibility (CSR) and the triple bottom line – economic (financial), social and environmental objectives

1.4.1.4 the relationship between mission statement, aims, objectives, strategy and tactics

1.4.2.1 the different stages of business decision-making and the role of objectives in the stages of business decision-making

1.4.2.2 how objectives might change over time

1.4.2.3 the translation of objectives into targets and budgets

1.4.2.4 the need for communication of objectives and their likely impact on the workforce

1.4.2.5 SMART (specific, measurable, achievable, realistic, time-limited) objectives

1.4.2.6 how ethics may influence business objectives and activities

1.5.1.1 individuals or groups with an interest in the activities of a business

1.5.1.2 internal stakeholders and external stakeholders

1.5.1.3 the roles, rights and responsibilities of stakeholders

1.5.2.1 the impact of business decisions on stakeholders, and their reactions

1.5.2.2 the impact of stakeholder aims on business decisions

1.5.2.3 how and why a business needs to be accountable to its stakeholders

1.5.2.4 how conflict might arise from stakeholders having different aims and objectives