Business studies

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ethics
refers to whether a business decision is thought to be morally right or wrong
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employment law
rulings that relate to the rights and responsibilities of people who work for a business; they affect the recruitment and selection process and how the business deals with its workers
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environment
is the natural world
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equality act
protects people from discrimination in the workplace and in wider society. It sets out the different ways in which it is unlawful to treat someone
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exchange rates
the price of one currency based on another or the cost of buying a currency. E.g. £1 = €1 or £1 = $1.25
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export
a good or service sold to a customer in another country
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external costs
when a business's activities result in harmful effects on other people
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fair trade products
items that a customer is willing to pay a higher price for. The aim is to improve the living standards of people in poorer countries where the products are produced
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global warming
the steady increase in the earth's temperature due to emissions and the build-up of greenhouse gases resulting in climate change
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Card 2

Front

rulings that relate to the rights and responsibilities of people who work for a business; they affect the recruitment and selection process and how the business deals with its workers

Back

employment law

Card 3

Front

is the natural world

Back

Preview of the back of card 3

Card 4

Front

protects people from discrimination in the workplace and in wider society. It sets out the different ways in which it is unlawful to treat someone

Back

Preview of the back of card 4

Card 5

Front

the price of one currency based on another or the cost of buying a currency. E.g. £1 = €1 or £1 = $1.25

Back

Preview of the back of card 5
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