Factors Affecting Business Activity

Factors Affecting Business Activity

Assessment

Flashcard

Business

12th Grade

Practice Problem

Hard

Created by

Caroline Hawke

FREE Resource

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17 questions

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1.

FLASHCARD QUESTION

Front

How do political factors affect business activity in Wales, the rest of the UK and the world?

Back

Political factors can influence regulations, government stability, and economic policies that affect business operations.

2.

FLASHCARD QUESTION

Front

What is the role of the government in providing a stable framework for businesses?

Back

The government establishes laws and regulations that create a predictable environment for businesses to operate.

3.

FLASHCARD QUESTION

Front

How are businesses affected by taxation and subsidies?

Back

Taxation can increase costs for businesses, while subsidies can provide financial support and encourage growth.

4.

FLASHCARD QUESTION

Front

How do fiscal and monetary policies affect businesses?

Back

Fiscal policies influence government spending and taxation, while monetary policies affect interest rates and money supply, impacting business operations.

5.

FLASHCARD QUESTION

Front

Why do governments legislate and regulate business activity?

Back

Governments legislate to protect consumers, ensure fair competition, and promote economic stability.

6.

FLASHCARD QUESTION

Front

What is the importance of the government as a purchaser of goods and services?

Back

The government can stimulate the economy by purchasing goods and services, providing contracts to businesses.

7.

FLASHCARD QUESTION

Front

How do economic factors affect business activity in Wales, the rest of the UK and the world?

Back

Economic factors such as growth, inflation, and unemployment can influence consumer spending and business investment.

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