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WorksheetsEconomic Activity
Total questions: 10
Worksheet time: 5mins
(a) activity links to anything which impacts on how much buying and selling there is within an economy.
An increase in inflation will impact how on a business?
Could lower their sales if they are a luxury business.
It will make it harder to recruit staff as not many people are looking for work.
People will have to pay more back on their loans so may not be able to spend on other areas.
Goods and services are now more expensive abroad so may not sell as much as they thought,
An increase in unemployment will impact how on a business?
Could lower their sales if they are a luxury business.
It will make it harder to recruit staff as not many people are looking for work.
People may have to pay more back on their loans so lowers demand for your business.
Goods and services are now more expensive abroad so may not sell as much as they thought,
An increase in the interest rate will impact how on a business?
Could lower their sales if they are a luxury business.
It will make it harder to recruit staff as not many people are looking for work.
People may have to pay more back on their loans so lowers demand for your business.
Goods and services are now more expensive abroad so may not sell as much as they thought,
An increase in the exchange rate will impact how on a business?
Could lower their sales if they are a luxury business.
It will make it harder to recruit staff as not many people are looking for work.
People may have to pay more back on their loans so lowers demand for your business.
Goods and services are now more expensive abroad so may not sell as much as they thought,
Social media helps a business to do what?
Market Research
Raise awareness of your business
Innovate your product
Improve quality of manufacturing
A (a) is a group or a party which has an interest in the business.
Customer's stakeholder objectives are:
Lower prices
Improve quality
Increase wages
Increase profits
Worker's stakeholder objectives are:
Lower prices
Improve quality
Increase wages
Increase profits
Employer's stakeholder objectives are:
Lower prices
Improve quality
Increase wages
Increase profits
