What this practice covers
These questions are drawn from past Edexcel A-Level papers and filtered to business 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.
Start practising multiple-choice questions →
What examiners see students get wrong here
These are the errors that cost marks on business objectives, taken from our own topic notes. Read them before you practise and you will recognise the traps in the questions.
- Stating MC = MR without the marginal reasoning behind it.
- Forgetting that MC must be rising through MR.
- Confusing revenue maximisation (MR = 0) with sales maximisation (AR = AC).
- Saying sales maximisation means "selling as much as possible"; it is the maximum output consistent with normal profit.
- Treating normal profit as zero profit. It is zero economic profit, and it is counted as a cost.
- Discussing alternative objectives without explaining the principal–agent cause.
- Ignoring the consumer welfare implication, which is where the evaluation marks sit.
Revise it first
If any of the above is unfamiliar, work through the notes before practising: Business Objectives revision notes.