AS Business Studies F291 (Other influences)

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  • Created by: Michelle
  • Created on: 13-05-13 17:44
What is technology?
An application of practical or mechanical sciences to industry or commerce, as a means of improving efficiency
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How has technology affected the primary sector?
Transformed the way raw materials are gathered. From the old combine harvester, to the new technology of extracting oil
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How has technology affected the secondary sector?
It helps to reduce waste and time to make a product
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How has technology affected the tertiary sector?
Electronic systems, making the distribution and delivery more efficient
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Give 2 opportunities for new technology
Helps keep costs to a minimum & Allows for shorter lead time
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Give 2 threats for new technology
Relies heavily on research & New technology can lead to a lack of employment
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What is demographics?
The structure of the population in terms of number, sex, age and ethnic origin
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What is birth rate?
The number of births per thousand of the population
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What is death rate?
The number of deaths per thousand of population
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What is ethical behavior?
Actions that businesses or people take because they believe them to be 'right'
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Give some examples of how a business may be aticng unethically
Paying only minimum wage, exploiting people, delaying payments
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What is Corporate social responsibility (CSR)?
Actions that a firm voluntarily takes to benefit stakeholders, in contrast to the legal framework provided by the government for business to operate within
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What is meant by the stakeholder approach?
An approach that views the business as a collection of stakeholder interests and tries to act ethically so that all stakeholders are satisfies
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What is the shareholder approach?
An approach that views the constant concern about ethical treatment of stakeholders as distracting those running a business from their true purpose
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Other cards in this set

Card 2

Front

How has technology affected the primary sector?

Back

Transformed the way raw materials are gathered. From the old combine harvester, to the new technology of extracting oil

Card 3

Front

How has technology affected the secondary sector?

Back

Preview of the front of card 3

Card 4

Front

How has technology affected the tertiary sector?

Back

Preview of the front of card 4

Card 5

Front

Give 2 opportunities for new technology

Back

Preview of the front of card 5
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