External influences on business

External influences on a business refer to

• Factors that are good for the business

• Factors that are bad for a business

• Factors that are outside the control of the business

• Illegal actions by a business

What do the letters GDP stand for?

What are the two Es in the acronym PESTLE?

• Enterprise and Environment

• Environment and Education

• Economic and Enterprise

• Economic and Environmental

The GDP of an economy measures

• The value of the nation's output

• The national income

• The money spent buying all of the national output

• All of the above

In the economic cycle

• A recession immediately follows a boom

• Three of the four phases are growth phases

• GDP rises during a recession

• GDP falls during a slowdown

The average rate of economic growth over time is called

• Trend growth

• Unsustainable growth

• Economic growth

• Competitive growth

In the economic cycle the order of the phases is

• Boom, recovery, recession, slowdown

• Boom, slowdown, recession, recovery

• Boom, recession, recovery, slowdown

• Boom, recovery, slowdown, recession

All businesses suffer falling profits in a recession

• True

• False

GDP that has been adjusted to take account of inflation is called

• GDP per capita

• Real GDP

• Trend GDP

• Average GDP

The L in PESTLE refers to how businesses are affected by changes in (long one word answer....)