Edexcel A-Level Business Theme 3.4 Influences on business decisions overview quiz quiz

Carefully planning decades ahead for the long-term future of the whole business

Prioritising immediate results such as this year's profit or share price

Ignoring the wishes of shareholders entirely

Investing heavily in long-term research and development

Maximising this quarter's share price and immediate dividend payout for shareholders

Cutting all forms of investment

Accepting lower short-term returns to build future strength through investment

Avoiding taking on any risk at all

The firm's legal ownership structure as registered at Companies House

The set of annual published financial accounts

The firm's overall pricing strategy

The shared values, beliefs and ways of working in a business

Clear rules, roles and hierarchy

Control held by a central figure

Flexible teams formed to solve problems

An organisation serving its individual professionals

A customer

An employee

A supplier

The local community

Maximising the financial returns to the shareholders and owners only

Completely ignoring the interests of employees

Balancing the interests of all groups affected by the business

Putting short-term profit above everything else

The aims of stakeholders never actually conflict

All of the different stakeholder groups always want exactly the same outcome in every case

Conflict between stakeholders only ever occurs in very small firms

Different groups want different things, such as higher wages versus higher profit

A firm's voluntary commitment to act in the interests of society and the environment beyond legal duty

A strict legal requirement to pay corporation tax and to file annual statutory accounts on time each year

A particular type of share capital raised from investors

A specific pricing strategy used to undercut rivals

Acting ethically always immediately lowers every type of cost the business faces straight away

Higher short-term costs against longer-term gains in reputation, loyalty and reduced risk

There is never any cost at all to behaving ethically

Acting ethically guarantees higher immediate profit

Guaranteed permanently higher sales and market share for the firm

Permanently lower costs with no downside at all

Scandal, boycotts, fines and lasting reputational damage

A clear and lasting improvement in staff motivation