Influences on business

Question 1

What are 4 environmental considerations?

Answer 1

Sustainability
Water disposal
Climate change
Pollution

Question 2

What are two pros of ethics in a business?

Answer 2

Makes it a safer workforce
Saving lives

Question 3

What are two cons to ethics in a business?

Answer 3

It’s costly
Employ extra staff/training

Question 4

What is globalisation?

Answer 4

The world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange between countries.

Question 5

What are 4 impacts of globalisation?

Answer 5

The growth of multinational companies
Influence on business location
International branding
How businesses compete internationally

Question 6

What are 4 ethical considerations in business?

Answer 6

Treatment of workers
Sourcing of materials
Treatment of customers and marketing decisions
Treatment of suppliers

Question 7

What are 4 international branding considerations?

Answer 7

Income level
Product promotion
Language
Legal issues