External Environment Keywords (UNIT 1) 0.0 / 5 ? BusinessExternal Environments businesses have to considerA2/A-levelAQA Created by: HowzatCreated 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
Comments
No comments have yet been made