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WorksheetsTopic 2 Influences on Business Eduqas
Total questions: 68
Worksheet time: 35mins
A zoo uses Twitter to announce the birth of a baby Giraffe. Which describes this method of digital communication?
Video conferencing
Social media
Text
Which statement best describes the term e-commerce?
Buying & selling products via hand held devices only e.g. smartphones
Communicating and sharing information electronically
Buying and selling a product using electronic systems e.g. the internet
Gathering, storing and processing information electronically
Which statement describes the purpose of eBay?
To provide a social networking service
To provide an internet based photo sharing service
To sell products, often second hand, to other people electronically
To buy products, often second hand, from other people electronically
Technology enables businesses to reduce costs by searching online to find competitively priced raw materials. The websites of which stakeholder group will be used for this purpose?
Customers
Suppliers
Competitors
Shareholders
In addition to its premises, a designer clothes shop has developed a website in an attempt to:
Increase costs
Decrease costs
Increase sales
Decrease sales
Which is an advantage to a business of using digital communication?
Messages and data can be transmitted quickly
Not all areas may be connected to the internet
Can lead to excessive communication
Training may be required to update employees on the use of digital communication
In which of the following is an NHS doctor’s surgery most likely to use digital communication?
To provide product information on its website for customers
To text patients to remind them of appointments
To receive payment for goods/services sold at the surgery
To sell products to patients
To book hospital appointments
Which option is a disadvantage to a business of using digital communication?
Is inexpensive to operate and is widely used
Storage costs are saved as data can be stored electronically
Teleconferencing is possible which can produce cost savings
No guarantee that messages will be received or accessed
Compared to other methods of promotion, businesses that promote goods and services on social media have been able to:
Reduce costs as online promotion is often less expensive
Increase costs as online promotion is always more expensive
Reduce costs as online promotion is always more expensive
Increase costs as online promotion is often less expensive
When information is shared electronically between computers it is known as:
E-commerce
E-tailer
M-commerce
Digital communication
Technology has enabled customers to compare how much different businesses are charging for goods and services. This has led to greater competition in terms of which element of the marketing mix?
Place
Price
Promotion
Product
Which two are examples of electronic payment systems?
eBay
PayPal
Contactless debit cards
Which two are disadvantages to consumers of buying clothing through e-commerce?
Risk of personal details being fraudulently used
Increased costs and time of returning unwanted items
Higher prices charged due to less competition online
Business will need to follow legislation linked to trading online
Difficult to establish brand loyalty
Which two are examples of electronic payment systems?
eBay
PayPal
Contactless debit cards
Technology affects every aspect of business management but there are three areas of special focus - what are they? Select two answers
Sales
Share price
Costs
Customers
Customer service
What is the environmental issue about people constantly buying new phones?
Older models are scrapped
Toxic Materials from older models leak into the environment
Customers Pay more money
Stakeholders lose more money
Business' use non-renewable energy.
What impact does this have?
Environmental
Legal
Ethical
Cultural
Which one of these scenarios are ethical issues
A company is thinking of employing a robot that will make most of the workforce redundant
Someone creating an AI
A judge decides to give someone a prison sentence
Someone hacks a computer
Which of the following methods would an environmentally responsible business use to manage waste?
Send all waste to landfill
Reduce the amount of waste created and recycle where possible
Incinerate waste
Use non-recyclable packaging
Airlines, such as Ryanair, have invested in new aircraft in order to cut emissions per passenger. Which of the following does the airline aim to reduce?
Recycling
Traffic congestion
Global warming
Renewable resources
Which of the following statements best describes the term ethical behaviour? When a business behaves in a way that:
Is classed a morally wrong
Minimises costs
All stakeholders consider fair and honest
Maximises profits
Which of the following explains why major supermarkets have ended the sale of plastic cotton buds in favour of a paper alternative?
To increase air pollution
To reduce recycling
To increase traffic congestion
To reduce plastic waste
A business decides to install solar panels in order to increase its use of:
Renewable resources
Waste products
Non-renewable energy sources
Scarce resources
Which of the following statements best describes the term sustainability?
The increased number of traffic jams in towns and cities
The gradual heating of the earth’s surface, oceans and atmosphere
The contamination of the environment
The use of resources which does not lead to environmental damage
Which of the following is a benefit to a business of behaving in an environmentally responsible way?
Consumers may be prepared to pay higher prices for products
Profits may be reduced
Higher prices may make the business uncompetitive
Costs will increase
A local football ground has received complaints due to the large volumes of vehicles on surrounding roads on match days. This is an example of:
Sustainability
Disposing of waste
Recycling
Traffic congestion
Which of the following is an example of a business accepting greater environmental responsibility?
Mulberry reduces the trade credit period to pay suppliers by five days
Iceland paying dairy farmers 25% above the cost price for each litre of milk produced
Tesco using the canal network to transport bulky products
Lush cosmetics paying employees the national living wage
Marks & Spencer’s Plan A 2025 aims to make all M&S packaging ‘widely recyclable.’ Which of the following is the business aiming to increase?
Noise pollution
Sustainability
Air pollution
Traffic congestion
The main “positive” associated with Interest Groups is:
Influence the making of public policy.
Affecting a Broad Range of Issues
Winning Elections
Nominating Candidates Nominating Candidates
The key thing for businesses where the environment is concerned is to
Do the right thing
To continue to make profit
To ensure shareholders are satisified
To ensure employees are treated in the correct manner
A labor force of 20 million people has 18.5 million people employed. Find the unemployment rate.
10%
8.5%
7.5%
6%
What is the unemployment????
decisions to work based on each individuals' valuation of their own work
proportion of younger workers in the labor force
the situation of actively looking for employment but not being currently employed.
person who is simultaneously an income earner,
If a change in income appears permanent such as being promoted to a secure and high paying job, __________________.
then people are likely to consume less.
then people are likely to save more.
then people are likely to consume more.
then people are likely to save less.
Which of following best describes the term interest rate?
The price of one currency against another
The cost of borrowing money or reward for saving money
The value of goods and services bought by consumers
The reward for borrowing money or cost of saving money
Which is true in relation to the rate of inflation? Business costs are:
More likely to increase if the rate of inflation rises
More likely to stay the same if the rate of inflation rises
More likely to increase if the rate of inflation falls
More likely to decrease if the rate of inflation rises
Which of the following businesses is most likely to experience a rise in demand as consumer income falls?
Travel agent
A producer of chocolate
A department store selling discounted goods
A specialist bakery selling luxury products
What is the most likely impact of rising unemployment levels on a business selling luxury goods?
Falling sales and rising profit
Rising sales and falling profit
Falling sales and falling profit
Rising sales and rising profit
What is true of a UK importer of goods from Italy, if the value of the pound becomes weaker against the euro?
Sales increase and profit increases
Sales decrease and profit increases
Sales increase and profit decreases
Sales decrease and profit decreases
A business has borrowed money from a bank with an overdraft. If interest rates rise, the impact on the business will be:
Costs increase and profit decreases
Costs decrease and profit increase
Costs increase and profit increase
Costs decrease and profits decrease
If the government increases the rate of corporation tax, companies are likely to:
Pay more tax and invest more into the business
Pay more tax and invest less into the business
Pay less tax and invest more into the business
Pay less tax and invest less into the business
Which describes the term exchange rate?
The reward for saving money and cost of borrowing money
The sales made from importing goods and services
The profit made from exporting goods and services
The price of one currency against another
What is most likely to be true if the rate of inflation rises sharply? Businesses are:
More likely to to manage rising costs
More likely to reduce selling prices
Less likely to manage rising costs
Less likely to raise selling prices
When an economy becomes weaker, interest rates are often reduced meaning consumers are likely to:
Save more and spend less
Save less and spend more
Save more and spend more
Save less and spend less
Which is true for a UK exporter of goods to Portugal, when the pound becomes stronger against the euro?
Exports will become less expensive
Profits are likely to increase
Exports will become more expensive
Exports sales are likely to increase
Which two are potential advantages to a business which sells luxury products of high levels of employment?
Business costs increase as wages and salaries rise
Increase in sales levels
Fewer potential employees will be available
Consumer incomes will increase
Staff turnover will increase
Which are most likely to be true if interest rates fall for a new business?
Loans become less expensive
Costs may increase
More likely to save money
Less likely to invest
Costs may decrease
What is Fairtrade all about?
better prices and better working conditions
more trade for less money
less money for workers
less crops
Who does Fairtrade really support?
The richest earners
The poorest earners
The crops
The countries wanting the crops
Which option is an example of a business behaving ethically?
Paying employees above the living wage
Buying non fair trade products rather than the fair trade alternative
Paying suppliers the lowest possible price for raw materials
Setting high retail prices as the only producer of an essential product
Which statement best describes the term ethical behaviour? When a business behaves in a way that:
Is classed as morally wrong
Minimises costs
All stakeholders consider fair and honest
Maximises profits
Which of the following behaviours by a car manufacturer could be classed as unethical?
Producing vehicles with high fuel consumption
Researching alternative, environmentally friendly, fuel types
Producing energy efficient hybrid cars
Researching new, advanced, vehicle safety features
Businesses often face a trade-off between ethics and profit. Which is an example of a business prioritising ethics over profit?
Paying the lowest possible price for raw materials to increase profits
Paying a higher price for fair trade supplies at the expense of profit
Paying suppliers late to improve cash flow
Paying employees the lowest wage possible to increase profits
Which two of the following are possible drawbacks to a business of behaving ethically?
Positive advertising
Higher costs
Motivated workforce
Easier to recruit new employees
May have to accept lower profits
Which option best describes the term globalisation?
Goods purchased from overseas by UK businesses and consumers
The process by which the world is increasingly becoming one market
When a business produces goods in more than one country
When goods and services are made in one country and sold in another
Which is a benefit to UK businesses of globalisation?
Being vulnerable to the world economic climate
Increased competition can lead to business failure
Access to new and bigger markets
Multinational firms are increasingly powerful
Which of the following methods would an environmentally responsible business use to manage waste?
Send all waste to landfill
Reduce the amount of waste created and recycle where possible
Incinerate waste
Use non-recyclable packaging
Airlines, such as Ryanair, have invested in new aircraft in order to cut emissions per passenger. Which of the following does the airline aim to reduce?
Recycling
Traffic congestion
Global warming
Renewable resources
Which of the following explains why major supermarkets have ended the sale of plastic cotton buds in favour of a paper alternative?
To increase air pollution
To reduce recycling
To increase traffic congestion
To reduce plastic waste
A business decides to install solar panels in order to increase its use of:
Renewable resources
Waste products
Non-renewable energy sources
Scarce resources
Which of the following is a benefit to a business of behaving in an environmentally responsible way?
Consumers may be prepared to pay higher prices for products
Profits may be reduced
Higher prices may make the business uncompetitive
Costs will increase
The key thing for businesses where the environment is concerned is to
Do the right thing
To continue to make profit
To ensure shareholders are satisified
To ensure employees are treated in the correct manner
