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3.2.1 Business objectives

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Question 1

Marcus now decides to change his business objective from profit maximisation to revenue maximisation. This change will lead to:

A

an increase in the price of gym memberships

B

an increase in the level of profit

C

a decrease in the volume of memberships sold

D

a decrease in the price of gym memberships

Markscheme

3.2.1 Business objectives Questions

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

16 exam-style questions on Edexcel A A Level Economics 3.2.1 Business objectives. Each one has a worked solution and a mark scheme showing where the marks go.

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