How does globalisation influence businesses?
- By making government regulations more restrictive
- By creating new economic factors
- By expanding market opportunities beyond national borders
- By altering employee turnover rates
Which type of organisation supports and represents its members and aims to improve their working conditions?
- A board of directors
- Human resources
- Trade union
- Independent collective
A change in consumer attitudes towards sustainable and eco-friendly products is an example of which influence on business?
- Social and cultural influences
- Governmental regulations
- Competitive pressures
- Technological advancements
Working to reduce damage to the Earth for future generations is know as what?
- Sustainability
- Corporate responsibilty
- Social mobility
- Carbon footprint
What is the main impact of economic factors on a business?
- Shaping the company's organisational structure
- Influencing financial performance and profitability
- Increasing competition in the market
- Enhancing employee motivation
Which of the following constitutes a "reasonable step" to comply with the Health and Safety at Work Act (1974)?
- Hiring lawyers to defend against personal injury claims
- Increasing pay for staff involved in dangerous work
- Saving money to pay anyone who is injured at work
- Keeping records of accidents
What would be the benefit to a business of promising to ban testing on animals?
- Lowering costs
- Improved publicity
- Increasing production
- Reducing variable costs
How can changes in the political landscape affect a business?
- By impacting employee motivation
- By altering government regulations and policies
- By influencing consumer preferences
- By enhancing product quality
If prices rise faster than customer income…
- … sales of luxury goods will increase
- … customers will have more money to spend on things they need
- … customers will have less to spend on things they want
- … sales of luxury goods will increase
A rise in interest rates is primarily a result of:
- Changes in consumer behaviour
- Government regulations
- Economic factors
- Technological advancements
