AQA GCSE Business - U3.2.4

Products whose sales are sensitive to changes in consumers incomes.

• Income Elastic Products

• Consumer Spending

• Services

• Fair Trade Products

How satisfied a consumer is with a product

• Quality

• Tariff

• Growth

• Ethics

Goods and services produced by a business in one country and sold in another.

• Exports

• Imports

• Tariff

• Globalisation

Goods and services purchased from overseas customers in the domestic market

• Imports

• Exchange Rate

• Globalisation

• Exports

The trend for markets to expand to become worldwide in scope.

• Globalisation

• Exports

• Imports

• Exchange Rate

When a company sells increased quantities of its products.

• Growth

• Exports

• Imports

• Tariff

A tax on foreign goods imported into a country.

• Growth

• Exports

• Imports

• Tariff

Selling goods and services across national borders.

• International Trade

• Exports

• Imports

• Tariff

The act of buying or selling a product using an electronic system like the internet.

• E-commerce

• M-commerce

• Social Media

• Cloud computing

Whether a business decision is thought to be morally right or wrong. An ethical decision is made on the basis of what is judged to be morally right.

• Ethics

• Social Responsibility

• Sustainability

• Environmental Reporting