Free Business Management resources · VCE
Free Business Management practice questions
Original exam-style practice questions and mark schemes. Read them free online, or ask us to email the link.
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Define a 'business objective' and explain one reason a private limited company might prioritise increasing market share over maximising short-term profit.
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1 mark for a correct definition: a stated goal a business intends to achieve within a set timeframe. 1 mark for identifying increasing market share as the objective. 2 marks for explaining a reason, e.g. a larger share builds brand dominance and long-term customer loyalty, allowing higher profits later even if short-term profit is sacrificed now.
Compare two management styles a manager could use when implementing an unpopular change in the workplace.
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3 marks per style (definition + a strength and a limitation in this context), for 2 styles. Typical pairing: autocratic (manager decides and directs; fast, clear, but risks low morale and resistance) versus consultative or participative (manager seeks employee input before deciding; builds buy-in and reduces resistance, but is slower). Full marks require explicit comparison rather than two separate descriptions.
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