WorksheetsUnit 6 External Influences IGCSE Business 0450
Total questions: 24
Worksheet time: 12mins
What is:
change in interest rates by the government or central bank,
such as the European Central Bank
disposable income
import tariff
import quota
monetary policy
What is:
physical limit to the quantity of a product that can be imported applied by a government
disposable income
import tariff
import quota
monetary policy
What is:
tax on an imported product
disposable income
import tariff
import quota
monetary policy
What is:
the level of income a taxpayer has after paying income tax
disposable income
import tariff
import quota
monetary policy
What is:
lowering of value of a currency compared to other currencies
exchange rate appreciation
social responsibility
environment
exchange rate depreciation
What is:
gains to a business
private benefits
social responsibility
environment
private costs
What is:
the costs paid for by business
private benefits
social responsibility
environment
private costs
What is:
natural world including, for example, pure air, clean water and undeveloped countryside
private benefits
social responsibility
environment
private costs
What is:
when a business decision benefits stakeholders other than shareholders, such as to reduce pollution by using 'green' technology
private benefits
social responsibility
environment
private costs
What is:
external benefits + private benefits
external costs
external benefits
social costs
social benefits
What is:
external costs + private costs
external costs
external benefits
social costs
social benefits
What is:
gains to society other than business, as a result of business activity
external costs
external benefits
social costs
social benefits
What is:
costs paid for by society, other than business, as a result of business activity
external costs
external benefits
social costs
social benefits
What is:
when consumers decide not to buy products from businesses that do not act in a socially responsible way
sustainable development
sustainable production methods
pressure group
comsumer boycott
What is:
groups who want to change business decisions and they take action such as organising consumer boycotts
sustainable development
sustainable production methods
pressure group
comsumer boycott
What is:
production methods that do minimum damage to environment
sustainable development
sustainable production methods
pressure group
comsumer boycott
What is:
development which doesn’t put at risk the living standards of future generations
sustainable development
sustainable production methods
pressure group
comsumer boycott
What is:
government protects domestic firms from foreign competition using tariffs and quotas
ethical decisions
globalisation
free trade agreements
protectionism
What is:
when countries agree to trade imports/exports with no barriers such as tariffs or quotas
ethical decisions
globalisation
free trade agreements
protectionism
What is:
increases worldwide trade and movement of people and capital between countries
ethical decisions
globalisation
free trade agreements
protectionism
What is:
decisions based on a moral code
ethical decisions
globalisation
free trade agreements
protectionism
What is:
when the value of a currency falls - it buys less of another currency than before
currency depreciation
currency appreciation
free trade agreements
multinational business/TNC
What is:
when the value of a currency rises - it buys more of another currency than before
currency depreciation
currency appreciation
free trade agreements
multinational business/TNC
What is:
those with factories, production or service operations in more than one country
currency depreciation
currency appreciation
free trade agreements
multinational business/TNC
