Influences On Business Flashcards
(8 cards)
1
Q
What is globalisation?
A
The process by which businesses operate on an international scale.
2
Q
What is sustainability?
A
Operating in a way that does not damage the environment for future generations.
3
Q
Give an example of a technological influence on business.
A
E-commerce, automation, social media marketing.
4
Q
What is legislation?
A
Laws that affect how businesses operate (e.g., health and safety, consumer rights).
5
Q
What is inflation?
A
The general rise in prices over time.
6
Q
What is interest rate?
A
The cost of borrowing or the reward for saving money.
7
Q
What is exchange rate?
A
The value of one currency compared to another.
8
Q
What is ethical business behaviour?
A
Acting in ways considered morally right (e.g., fair trade, environmental care).
