Which of the following does a business have no control over?
A change in business structure
Introduction of a new piece of legislation
Introduction of new employee rotas
Which of these uses of technology would help to reduce a business’ carbon footprint?
Holding meetings using video conferencing
Advertising on websites
Using e-commerce to sell products
Which of the following is most likely to be immediately affected by a change in the economic climate?
Consumer spending
A business’ marketing budget
Advances in technology
How might a business respond if interest rates increase?
It might borrow more money
It might increase its profit margins on existing products
It might invest by buying more machinery
Which of the following is a legal change to which a business would need to respond?
The Bank of England announcing an interest rate rise
A change in the value of the pound against the US dollar
An increase in the rate of the national minimum wage
How might a business respond if the rate of VAT were lowered?
Produce less, as they would expect demand to fall
Increase production, as they would expect to sell more products
Make staff redundant to pay for the lower VAT
Which of the following is an opportunity that new technology might bring?
The obsolescence of existing products
The appearance of new competitors
The development of new products
How have communication technologies helped businesses to reduce their costs?
Information can be shared without the need to print documents
Equipment has to be purchased to give access to information
Information is available at any time
How might a business respond if the value of pound sterling fell?
Look for new international markets to sell existing products to
Withdraw products from domestic markets
Cancel all staff holidays abroad
If a business fails to respond to changes in employment legislation, what is it unlikely to receive?
A fine
A product design award
Bad publicity