influences on business 0.0 / 5 ? Business Studiesinfluences on businessGCSEAQA Created by: bertie321Created on: 23-12-21 12:23 what is minimum wage it is the mininum amount employers have to pay there staff 1 of 26 why can't businesses discriminate because of the equality act 2010 it says that everyone is equal 2 of 26 why does the workplace have to be safe because of the health and safety act 1974 which says that all employers have to take responsibility for health and safety 3 of 26 what are the 3 criteria's that the goods of a business meats should be fit for its purpose, should match the description and it should be satisfactory quality 4 of 26 how does the consumer laws affect a business because if a business break a consumer law it will be faced with the cost and the inconvenience of having to refund the customer 5 of 26 how has technoligy changed businesses product can be produced faster and for less costs but a machine is very efficient 6 of 26 how has ecommerce helped businesses it gives them a wider reach of customers 7 of 26 how can a business be more ethical not making workers work long hours and can buy raw materials from fair trade sources 8 of 26 what are the benefits of being ethical good reputation and staff are more motavated 9 of 26 what are the drawbacks of being ethical harder to fid fair trade suppliers and have higher labour costs 10 of 26 how can a business reduce their impact on the environment reduce the amount of packaging, car share schemes, buy quieter machinery and being sustainable 11 of 26 pros of being environmentally friendly may influence customers and a competitive advantage 12 of 26 cons of being environmentally friendly expensive equipment so higher costs 13 of 26 what is unemployment what a person is able to work but cannot find a job 14 of 26 what happens if the prices rise at a faster rate than income less customer spending 15 of 26 what happens if the prices rise at a faster rate than income more customer spending 16 of 26 what is interest rates it is a percentage of money added onto a loan or savings 17 of 26 what happens when there are low interest rates increases spending 18 of 26 what happens when there are high interest rates decreases spending 19 of 26 what is competitive market where there are the different businesses selling the same products in the same place 20 of 26 what is a competition of a new product little or no competition 21 of 26 what is globalisation it is when the world is more interconected 22 of 26 advantages of globalisation larger market and less transport costs 23 of 26 disadvantages of globalisation companies can't with cheaper labour costs in other countries 24 of 26 importing and exporting with a weak pound exporting=good importing= bad 25 of 26 importing and exporting with a strong pound exporting=bad importing= good 26 of 26
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