Scribd Logo
Upload

Welcome to Scribd!

  • 90 views

    IGCSE Business Studies - External Influences On Business Activity

    Uploaded by

    Nafisa Megha
    External influences on business activity include factors such as the balance of payments, currency exchange rates, taxes, economic growth, and government policies. Other external factors are international trade agreements, globalization, pressure groups, and multinational businesses. Business decisions must consider these external factors as well as social and environmental impacts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    IGCSE Business Studies - External Influences On Business Activity

    Uploaded by

    Nafisa Megha
    90 views1 page
    External influences on business activity include factors such as the balance of payments, currency exchange rates, taxes, economic growth, and government policies. Other external factors are international trade agreements, globalization, pressure groups, and multinational businesses. Business decisions must consider these external factors as well as social and environmental impacts.

    Original Title

    external_influence

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    External influences on business activity include factors such as the balance of payments, currency exchange rates, taxes, economic growth, and government policies. Other external factors are international trade agreements, globalization, pressure groups, and multinational businesses. Business decisions must consider these external factors as well as social and environmental impacts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    90 views1 page

    IGCSE Business Studies - External Influences On Business Activity

    Uploaded by

    Nafisa Megha
    External influences on business activity include factors such as the balance of payments, currency exchange rates, taxes, economic growth, and government policies. Other external factors are international trade agreements, globalization, pressure groups, and multinational businesses. Business decisions must consider these external factors as well as social and environmental impacts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 1

    IGCSE Business Studies - External influences on business

    activity
    Study online at quizlet.com/_1bky4f

    1. Balance of Records the difference between a country's 20. Import quota A physical limit to the quantity of a product
    payments exports and imports. that can be imported.
    2. Consumer When consumers decide not to buy products 21. Imports Goods and services bought in by one
    boycott from businesses that do not act in a socially country from other countries.
    responsible way. 22. Import tariff A tax on an imported product.
    3. Currency When the value of a currency rises - it buys 23. Indirect taxes Added to the prices of goods and
    appreciation more of another currency than before.
    taxpayers pay the tax as they purchase the
    4. Currency When the value of a currency falls - it buys goods.
    depreciation less of another currency. 24. Inflation The increase in the average price level of
    5. Direct taxes Paid directly from incomes - for example, goods and services over time.
    income tax or profits tax. 25. Monetary A change in interest rates by the
    6. Disposable The level of income a taxpayer has after policy government or central bank.
    income paying income tax. 26. Multinational Businesses with factories, production or
    7. Economic When a country's gross domestic product businesses service operations in more than one
    growth increases - more goods and services are country.
    produced than in the previous year. 27. Pressure group Made up of people who want to change
    8. Environment Our natural world. business or government decisions and
    they take action such as organizing
    9. Ethical Based on a moral code. Sometimes referred to
    consumer boycotts.
    decisions as 'doing the right thing'.
    28. Private benefits The gains to a business
    10. Exchange The price of one currency in terms of another.
    rate 29. Private costs The costs paid for by the business.
    11. Exchange The rise in the value of a currency compared 30. Protectionism When a government protects domestic
    rate to other currencies. firms from foreign competition using tariffs
    appreciation and quotas.
    12. Exchange The fall in value of a currency compared with 31. Real income The value of income, and it falls when
    rate other currencies. prices rise faster than money income.
    depreciation 32. Recession A period of falling gross domestic product.
    13. Exports Goods and services sold from one country to 33. Social benefits Total benefits when combining external
    other countries.
    benefits and private benefits.
    14. External The gains to the rest of society, other than the 34. Social costs Total costs when combining external costs
    benefits business, resulting from business activity.
    and private costs.
    15. External Costs paid for by the rest of society, other 35. Social When a business decision benefits
    costs than the business, as a result of business
    responsibility stakeholders other than shareholders, for
    activity.
    example, a decision to protect the
    16. Fiscal policy Any change by the government in tax rates environment by reducing pollution by
    or public-sector spending. using the latest and 'greenest' production
    equipment.
    17. Free trade Exist when countries agree to trade
    agreements imports/exports with no barriers such as 36. Sustainable Development which does not put at risk
    tariffs and quotas. development the living standards of future generations.
    18. Gloablization The term widely used to describe increases in 37. Sustainable Methods that do minimum damage to the
    worldwide trade and movement of people production environment.
    and capital between countries. methods
    19. Gross The total value of output of goods and 38. Unemployment Exists when people who are willing and
    domestic services in a country in one year. able to work cannot find a job.
    product

    Downloaded from www.dineshbakshi.com. Tons of resources for IGCSE, A Level, Business Studies, Economics, Accounting & ICT

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy