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Edexcel Business by Channelle > Business and the Environment > Flashcards

Flashcards in Business and the Environment Deck (24)
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1

What is a pressure group?

organisations that try to get business to change what they are doing

2

what do pressure groups look at?

animal rights
workers rights
environment
world poverty

3

what can pressure groups do?

bad publicity resulting in damaged reputation

4

short term environmental impacts

traffic congestion from transport and deliveries
air, noise and water pollution from manufacturing and industry

5

long term environmental impacts

climate change
depletion of land, flood and natural resources

6

factors affecting international trade?

how developed a country is
government regulations on imports and exports

7

many businesses are looking abroad for materials and ,moving the whole business there why?

lower production costs
cheap resources, cheaper wages, products cheaper when bought from abroad and sold in the Uk

8

Why are developing countries a threat to uk businesses

Uk buys cheaper imports, Uk suffers because of poor quality

9

what is a tariff?

tax on imports.. more expensive

10

quotas

putting a physical limit on the number of imports allowed

11

what is an export subsidy?

reduce price of exports and encourage exporting firms , making them more competitive

12

what are the EU regulations?

health and safety law, rights

13

businesses will often take measures to avoid these laws.. how>

move businesses to a country where corporation tax is lower
producing products in countries with low minimum wages
selling goods in countries with relaxed laws on health and safety

14

short term impacts of EU laws

increase costs

15

long term impacts on EU laws

more ethical and competitive, better brand image

16

benefits of the minimum wage?

small businesses can compete with big business who might force down wage rates
increased productivity
increased customer service

17

disadvantages of minimum wage?

increase costs
higher prices charge
less people buy
less sales
less profit

18

benefits of maternity rights?

better relationships with workers
increase job security and motivation

19

drawbacks of maternity rights?

increase costs

20

without maternity rights

less productivity and products
less sales
less profits
have to train new staff

21

benefits of health and safety

fewer work related injuries
people feel safer
more productive

22

explain one disadvantage of a business not behaving ethically? 3

customers will no longer trust them, damaging their brand image, customers will go to completion.. less sales

23

advantage of minimise impact on environment 4

better reputation, better brand image, stand out against competition, charge higher prices leading to higher profits

24

disadvantage of minimising environmental impact 4

higher costs, raise prices to have suitable profit margins, meaning customers will go to competition= lower sales