Unit 6 External Influences IGCSE Business 0450

What is:

change in interest rates by the government or central bank,

such as the European Central Bank

• disposable income

• import tariff

• import quota

• monetary policy

What is:

physical limit to the quantity of a product that can be imported applied by a government

• disposable income

• import tariff

• import quota

• monetary policy

What is:

tax on an imported product

• disposable income

• import tariff

• import quota

• monetary policy

What is:

the level of income a taxpayer has after paying income tax

• disposable income

• import tariff

• import quota

• monetary policy

What is:

lowering of value of a currency compared to other currencies

• exchange rate appreciation

• social responsibility

• environment

• exchange rate depreciation

What is:

gains to a business

• private benefits

• social responsibility

• environment

• private costs

What is:

the costs paid for by business

• private benefits

• social responsibility

• environment

• private costs

What is:

natural world including, for example, pure air, clean water and undeveloped countryside

• private benefits

• social responsibility

• environment

• private costs

What is:

when a business decision benefits stakeholders other than shareholders, such as to reduce pollution by using 'green' technology

• private benefits

• social responsibility

• environment

• private costs

What is:

external benefits + private benefits

• external costs

• external benefits

• social costs

• social benefits