Business Y10 M&E

What are E-commerce?

• Using a mobile device to buy or sell products

• Going to a shop to purchase products

• Using the internet to buy or sell products

• Buying or selling products

How does the technology benefit businesses?

• Security improvements eg. ( FireWalls)

• Learn online eg. (AI-ChatGPT)

• Transportation eg. (Drones)

• All of the above

State two reasons why a business might move manufacturing to Far Eastern countries eg.(China, Indonesia)

• Cheaper labour and low rent

• Expensive labour and low rent

• Stricter employment laws and expensive labour

• More health and safety rules and stricter employment

What is sustainability in terms of terms of businesses?

• damaging the earth

• Not making greta thunberg upset

• Not damaging the world for cuter generations when manufacturing a product

• Releasing carbon dioxide into the atmosphere whilst making a product

What is being Ethical in a business?

• A business that focuses on reducing negative impacts on the world

• Being nice to people and animals

• Avoiding competition with other companies

What is the definition of primary legislation?

• Regulations that are made by public bodies.

• Acts made by parliament

• Acts made by the government.

Which is a disadvantage of legislation?

• It can be lead to legal action

• Reduces recruitment costs

• Creates happier employees

What are interest rates?

• The cost of a business

• Borrowing money without returns

• The cost of borrowing money and it is measured by a percentage

• The cost of borrowing money and it is measured in cm

What is a reason for saving money?

• Upgrade a house

• To buy luxury goods

• To expand a business

• All of the above

Reasons for borrowing money?

• To go on a holiday

• Just for fun

• All of the above

• To pay loans