Factors Affecting Business Flashcards
1
Q
3 factors that could affect a business
A
Legal factor, technological factors, competitive factor
2
Q
Disposable income
A
A persons total income minus taxes
3
Q
EPOS
A
Electronic Point Of Sale
4
Q
Economic factors
A
Interest rates, exchange rates, inflation, taxation
5
Q
Sustainability
A
Behaving in a way which preserves the planets natural recourses
6
Q
Corporate social responsibility
A
A business behaving in a way which improves the welfare of society
7
Q
Niche market
A
A small subset of the market with specific needs that business taps into
8
Q
SPICED
A
Strong Pound Imports Cheap Exports Dear
9
Q
Interest
A
Reward for saving, cost of borrowing
10
Q
Inflation
A
general increase in prices of goods and services in an economy
