What this practice covers
These questions are drawn from past CIE 0264 Business papers and filtered to business and stakeholder objectives. You answer, you find out immediately whether you were right, and you get the reasoning for the correct option and for each distractor. Wrong answers go to a mistakes locker so you can come back to exactly those.
Practice is free. You need an account only so your progress and your mistakes are still there next time.
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What examiners see students get wrong here
These are the errors that cost marks on business and stakeholder objectives, taken from our own topic notes. Read them before you practise and you will recognise the traps in the questions.
- Treating profit as the only objective. Survival, growth and market share are named alongside it.
- Saying a business that sells below cost has made a mistake. It may have switched to survival.
- Confusing market share with sales. Share is a proportion of the whole market, so it can move when sales do not.
- Calling customers or suppliers internal stakeholders. Only owners, managers and employees are internal.
- Treating managers and shareholders as one group with one set of objectives.
- Listing stakeholder groups without saying what each wants from this particular business.
- Giving a conflict as two groups being unhappy, without the mechanism that links them.
- Concluding that a business should keep all its stakeholders happy. That is the problem in the question, not an answer to it.
Revise it first
If any of the above is unfamiliar, work through the notes before practising: Business and stakeholder objectives revision notes.