Influences on Business Reading

What is the impact of economic growth on businesses?

• Increased demand for products or services

• Reduced consumer spending

• Higher costs for raw materials

• Increased unemployment rates

Which of the following is a factor in the legal environment that influences businesses?

• Economic growth

• Employment law

• Automation and efficiency

• Globalization

How does technology influence business operations?

• By increasing unemployment rates

• By automating processes and improving efficiency

• By reducing consumer spending

• By increasing interest rates

What societal factor can influence the demand for eco-friendly products?

• Economic growth

• Changing consumer preferences

• Interest rates

• Globalization

What is a strategy businesses might use to gain a larger market share?

• Cost leadership

• Increasing interest rates

• Reducing consumer spending

• Globalization

How can fluctuations in exchange rates impact businesses?

• By making exports cheaper and imports more expensive

• By increasing unemployment rates

• By automating processes

• By changing consumer preferences