A2 Business - The Marketing Environment 0.0 / 5 ? Applied BusinessThe Marketing EnvironmentA2/A-levelOCR Created by: aidanno1billCreated on: 03-05-16 09:20 3610829517 Across 1. Agreeing prices with competitors to force customers to pay a high price and maximise profits (5, 6) 2. Consumers begin increasing their spending. Businesses feel more confident and begin to invest again (8) 5. External factors affecting a business. Political, Economic, Social, Technological, Legal, Environment (6) 7. Covers investment spending on government products (10) Down 2. Defined by a fall in GDP for two consecutive quarters. Falling levels of consumer spending and confidence mean lower profits for business (9) 3. Employers are required to pay their staff a minimum amount. Based on their age. (8, 7, 4) 6. High levels of consumer spending, business confidence, profits and investment. Price and Costs rise faster. Unemployment low. (4) 8. Liquidity Crisis. Banks become nervous about lending money to each other and to other business customers (6, 6) 9. Very weak consumer spending and business investment. Many business failures. Rapidly rising unemployment (5) 10. A business where demand is closely linked to GDP (8, 8)
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