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Revision Notes for Chapter 13
1. Business ethics ideas, in business, about what is right or wong
2. Pressure groups groups of people without political power who influence decision making
in politics, society and businesses
3. Sustainable development the idea that people should satisfy their basic needs and enjoy
improved living standards
External factors influencing business decisions
The economy: The state of the economy will influence the decisions made by businesses.
This includes local, national and worldwide.
Changes in society: Businesses have to adapt to any changes that occurred in the society,
for example more consumer awareness, changing demand patterns, more women at work,
Business ethics: This is about making the right decisions, for example avoid buying from
suppliers who employed child labour, make more use of recycled materials, and etc.