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Worksheets1.5 Review: External Influences on Business
Total questions: 14
Worksheet time: 7mins
A fall in UK consumer spending would...
Increase sales for retailers of luxury goods
Increase sales for budget retailers
Increase sales for travel agents
A shareholder is...
Someone with an interest in what the business does
Someone who owns part of the business
Someone who works on the stock market
A stakeholder is
Someone with an interest in the business
Someone who owns part of the business
Someone holding a piece of meat
The objectives of employees are likely to clash with the objectives of which stakeholder group?
Suppliers
Customers
Shareholders
Local community
ASOS and Boohoo are examples of
Retailers
e-tailers
websites
clothes shops
Which type of business is LEAST likely to benefit from e-commerce?
A clothing brand
A producer of home entertainment technology
A wedding dress maker
A producer of custom-designed private jets
The dominance of Amazon in e-commerce is a good thing for smaller businesses
True
False
E-commerce can reduce business costs because...
Advertising can be more targetted
Variable costs are lower
Fixed costs are lower
They can buy in poor quality goods and get away with selling them on.
Legislation...
Protects consumers from being mislead
Protects workers from discrimination
Protects workers and consumers from being injured
Guarantees that all workers will be paid the same
If the pound gets stronger, this means...
It will be cheaper for UK businesses to buy from US businesses (import)
It will be more expensive for UK businesses to buy from US businesses (import)
It will be more expensive for US businesses to buy from UK businesses (exports)
It will be less expensive for US businesses to buy from UK businesses (exports)
If interest rates go up
People with mortgages have to pay more to the bank each month
People are less likely to buy on credit cards
People with mortgages have to pay less to the bank each month
People are more likely to buy on credit cards
If the government increases corporation tax...
Businesses have less profit to reinvest
Businesses have more profit to reinvest
If the exchange rate is £1=$2 and you buy a coat in New York for $100, how much has this cost in pounds?
£100
£200
£50
If a business is facing increased costs due to landfill tax on rubbish they could...
Increase their recycling
Dump the rubbish in the woods and hope no one notices
