bizconsesh

Question 2

ecommerce

Answer 2

the process of buying or selling, goods or services onlilne.

Question 3

disadvantages of Ecommerce

Answer 3

needs a website which has initial cont and ongoing costs.

Question 4

Digital Communication

Answer 4

exchanging information with stakeholders via technlogy such as
* websites - can be costy
* email
* apps

Question 5

m commerse

Answer 5

buying or selling goods or service vio a mobile phone

Question 6

national minimum wage

• what is it?
• Pros of doing it
• cons of doing it
• impact of NOT doing it

Answer 6

• increase pay for workers = more motivated = more productive
• cons - more cost and a short term motivation
• impact = large fines, ruins reputation, lower sales

Question 7

Equality act

• what is it?
• Pros of doing it
• cons of doing it
• impact of NOT doing it

Answer 7

• creates a diverse workplace, better reputation
• cons = staff training, handbook on policy
• impact = lower reputation

Question 8

Health and saftey at work act

• what is it?
• Pros of doing it
• cons of doing it
• impact of NOT doing it

Answer 8

• less absenteeism, which increases staff retention
• cons - staff training - training on the health and saftey regeslation, handbook
• reputation - prosecuted (Lawsuit), comoensation, less reputation

Question 9

consumer law

Answer 9

goods and services must be…
* as described
* appropriate quality
* appropriate saftey
* and no personal data can be sold without permission

Question 10

pros and cons of consumer law

Answer 10

cons
* HIgher product cost - Quality Assurance and higher production cost

pros
* Consumers have increased confidence inpurchasing goods/services
this increases sales

Question 11

examples of a business being unethical

Answer 11

• Marketing - inapropriatre ads at kids
• Operation - Exploiting producers in developing countries - paying really low wages
• Human resources - using a zero hour contract - Treating workers like full employees but denying them full employment rights.
• Finance - Using tax havens to pay less tax - less tax revenue for the goverment to use it on things such as the NHS/SCHOOLS

Question 12

pros and cons of being ethical

Answer 12

• cons - lower profits to maintain being ethical
• pros - can adapt marketing - e.g fair trade - more customers and sales

Question 13

5 reasons for starting a business

Answer 13

• Profit – To make money and build wealth.
• Independence – To be your own boss.
• Passion – To pursue a personal interest.
• Gap in the Market – To offer something new or better.
• Flexibility – To have control over work-life balance.