1.5 Flashcards
1
Q
why is a weak pound good for exporters
A
pounds are cheaper so British exports become less expensive abroad resulting in more sales
2
Q
why is a weak pound bad for British companies that import raw materials
A
raw materials become more expensive so production costs increase
3
Q
why is a weak british pound good for British companies selling in the uk
A
becomes more expensive for foreign companies to sell their products in the UK meaning ther’s less competition for British companies
4
Q
how can a pressure group influence a companies’ activities
A
making bad publicity for the company if they don’t agree with their actions
