External Environment Keywords (UNIT 1)

?
  • Created by: Howzat
  • Created on: 27-02-18 15:29
Market Conditions
The features of the market that will influence costs and demand e.g Level of sales.
1 of 5
Demand
Term used by economists to indicate the amount of a particular good or service that consumers/businesses want, can afford and buy at given prices.
2 of 5
Costs
Costs are the value paid, or to be paid, for the acquisition of goods and services by businesses.
3 of 5
Demographics
The structure of the population. The number and characteristics of a population e.g age, migration etc.
4 of 5
Interest rates
Amount of a loan that is charged to the person taking the loan. Amount charged by the lender.
5 of 5

Other cards in this set

Card 2

Front

Term used by economists to indicate the amount of a particular good or service that consumers/businesses want, can afford and buy at given prices.

Back

Demand

Card 3

Front

Costs are the value paid, or to be paid, for the acquisition of goods and services by businesses.

Back

Preview of the back of card 3

Card 4

Front

The structure of the population. The number and characteristics of a population e.g age, migration etc.

Back

Preview of the back of card 4

Card 5

Front

Amount of a loan that is charged to the person taking the loan. Amount charged by the lender.

Back

Preview of the back of card 5

Comments

No comments have yet been made

Similar Business resources:

See all Business resources »See all External Environments businesses have to consider resources »