Business objectives
What Business objectives means in Economics A-Level, as defined for AQA.
Definitions of Business objectives
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Reference: AQA
Employers may pursue reduced wage bills and increased profit margins by extracting worker surplus, though this risks lower morale and productivity.
The goals a firm pursues, which may be profit maximisation for shareholders or alternative goals like sales growth or improved perks for managers.
Topics that use Business objectives
- Discrimination in the labour market (AQA A-Level)
- The objectives of firms (AQA A-Level)
Related terms
- Age discrimination
- Arbitrage
- Bounded rationality
- Corporate governance
- Corporate social responsibility
- Distribution of income
- Firm performance and efficiency
- Gender pay gap
Using Business objectives in the exam
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