SEP operates in the tertiary sector．As a social enterprise，SEP has many objectives．It collects old books from libraries and schools and sells them to customers at a low price．SEP provides training for its 10 part－time employees．SEP＇s manager wants to know how the introduction of a legal minimum wage might affect a business．（b）Identify two objectives a social enterprise might have． Objective 1： Objective 2：

Business

IGCSE&ALevel

CAIE

Exam No：0450_m25_qp_12 Year：2025 Question No：4(b)

Answer:

Award 1 mark for each relevant objective [max 2].
Points might include:
- To make a profit to reinvest back into the business
- Social benefit/welfare or examples e.g. to benefit/improve local community/disadvantaged groups in society
- To protect the environment/environmental issues

Other appropriate responses should be credited.

Knowledge points:

1.5.1.1. Need for business objectives and the importance of them

1.5.1.2. Different business objectives, e.g. survival, growth, profit and market share

1.5.1.3. Objectives of social enterprises

1.5.2.1. Main internal and external stakeholder groups

1.5.2.2. Objectives of different stakeholder groups

1.5.2.3. How these objectives might conflict with each other, use examples

1.5.3. Differences in the objectives of private sector and public sector enterprises

Answer:

Knowledge points:

Solution:

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