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3.2.1 Business objectives

How does a firm's chosen objective affect its behaviour?

A

It controls the number of competitors in the market and the technology the firm uses.

B

It determines the tax the firm pays and the wages it offers.

C

It fixes the market demand for the firm's product and the costs it faces.

D

It shapes the price the firm sets and the output it produces.

3.2.1 Business objectives Flashcards

  1. A Level
  2. /Economics
  3. /3.2.1 Business objectives

Flashcards for Edexcel A A Level Economics 3.2.1 Business objectives, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 23 cards, matched to the Edexcel A A Level Economics (9EC0) specification.