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AQA GCSE 9-1 Unit 2: Influences on Business Flashcards | StudBud
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AQA GCSE 9-1 Unit 2: Influences on Business
Exports are goods and services...
What are Extranets?
AQA GCSE 9-1 Unit 2: Influences on Business
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1
What are Extranets?
Similar to intranets but are accessible to other organisations
Always actively involved in the daily running of the business
Software used within the Human Resources department
Specialist computing systems
2
Exports are goods and services...
produced by a business in one country and sold in another
bought by a business in one country and sold to another
3
What is Globalisation?
It is the trend for markets to grow domestically
It is the trend for markets to become worldwide in scope
It is the trend for markets to grow internally
It is a multinational
4
What is not an example of employees rights?
Provide suitable training
Allow employees time off for certain reasons
Being paid bonuses
Allowing staff join a trade union
5
The Equality Act is an example of which factor that affects
Economic
Legal
Technological
Enviromental
6
Goods and services bought from overseas
Expenditure
Imports
Subsidies
Exports
7
The price of one currency expressed in terms of another
Trade blocs
United Nations
Protectionism
Exchange rates
8
Someone who is willing to take risks involved in starting up a new business
Entrepreneur
Manager
Employee
Bank manager
9
Taxes charged only on imported goods
Indirect taxation
Tariffs
Income tax
Excise duties
10
Which of these is an example of an income elastic product?
Tap water
Bus travel
Basic foods such as milk and bread
Luxury travel
11
When a business starts selling products in new markets
Takeover
Multi-national company
Merger
Diversification
12
Which is not an economic factor of business?
Changing Legislation
Changing Intrest Rates
Changing Exchange Rates
Changing employment rates
13
What is free trade?
Trade between countries with no barriers – e.g. no tariffs
Trading with only limited amounts of regulation
Protectionism
Trading products without making a charge for them
14
Products made in this country but sold overseas
Exchange rates
Price
Imports
Exports
15
What are Software robots?
Security of employment
Advanced computer programs that can operate a range of admin tasks
An aspect of e-commerce meaning commerce using apps and mobile phones
Honest and fair dealing from the company
16
The value of an economy’s output of goods and services falls for six months or longer
Gross domestic product
Recession
Deflation
Exports
17
What is an overdraft?
An example of an internal recruitment policy
A long term secured loan similar to a mortgage
A flexible loan which businesses can use, whenever necessary, up to an agre
Used by firms to offer discounts during a recession
18
What is an Extranet?
Similar to intranets but can be accessed by customers
Similar to intranets but can be accessed by suppliers?
Similar to intranets but can be accessed by shareholders?
19
What is E-commerce?
Developing a presence on the high street
The use of social media in business
Trading in energy
Selling online rather than in a physical one-to-one transactio
20
The trend for markets to become worldwide in scope
Trading blocs
Protectionism
Tariffs
Globalisation
21
The selling of goods and services across national frontiers
Cross subsidisation
Exchange rates
International trade
Privatisation
22
What is the total spent by all shoppers throughout the country?
Consumer spending
Government spending
Recession
Aggregate demand
23
An increase in intrest rates may cause the following to happen:
Business loans will be more expensive
Consumers will spend less
Businesses may choose to spend rather than save
Businesses will spend less
24
These arise when a business’s activities result in harmful effects on other people not directly involved in production
External costs
Social costs
Private costs
Variable costs
25
What is a trade union
Red tape
Health and safety legislation
A group of workers who act together to improve things
Credit legislation
26
Greenpeace, Campaign Against Arms Trade and Corporate Watch are examples of what?
Trade unions
Pressure groups
Multinational companies
Public Limited Companies
27
An increase in the exchange rate means that the price of UK goods abroad go up
True
False
28
Consumer legislation states that goods must be:
Fit for purpose
As described
Satisfactory Quality
Good price
29
The economy is...
is made up of customers, government and businesses
is about decisions the government make
are individuals that buy goods and services
is about setting interest rates
30
A firm that produces goods and services in more than one country
Conglomerates
Public sector
International Monetary Fund
Multi-national company
31
What is taxation?
The annual cost of a loan to a borrower
Charges placed by government on goods and services
The increase in prices due to excessive demand in the economy
The value of sterling against other currencies
32
This describes the state of key factors within a country, such as the level of goods and services produced
The annual price level increase
Reflation
Economic growth
Economic climate
33
What is The Unfair Trading Regulations 2008?
Ensures all firms offer a credible guarantee to all customers
Prevents illness from eating food sold to the public
Makes it an offence to misleadingly label goods and service
34
Co-op stores are built on a foundation of what?
Social responsibility
Capitalism
Profit maximisation at any cost
Break even only
35
Define 'a state that exists when a business does not face any competition in a particular market'
Competition
Niche market
Market share
Monoploy
36
What is M-commerce?
Online trading
Buying and selling of products through wireless handheld devices
The use of social media in business
The development of digital communication
37
What are Payment systems?
Ways of paying electronically, such as PayPal
The collective name for the UK banking system
Making a deposit to secure a product
Hire purchasing and leasing arrangements
38
How would you define An hourly rate of pay set by the government
Zero-hours contracts
Equality Act
National Minimum Wage
Consumer Rights Act
39
What is The Equal Pay Act?
A law that insists all employees are paid the same
ensures all employees across the EU are members of a trade union
A law to protect employees against pay discrimination
Ensures minimum payments for employees
40
Whether a business decision is thought to be morally right or wrong
Equality
Ethics
Profitability
The environment
41
The government aims to have
High Unemployment
Low Unemployment
High Employment
42
What is a Stakeholder
Own a share in the business
Individuals and organisations that are affected by, and affect, the activit
The franchise owner of a business
Senior managers of the business
43
How would you define Treating one person differently to another without having good reason for doing so
Profitability
Discrimination
A trade union
A part-time employee
44
How having more of one thing may force you to have less of another
Comparative advantage
Ethics
Markets
Trade-offs
45
How are interest rate defined?
The annual average increase in the price level
The level of interest for a particular product that is entering a market
The price charged when borrowing money
An element of fiscal policy
46
Profit is...
Revenue x units sold
The difference between revenue and costs
Total costs X number of units sold
The difference between costs and revenue
47
Methods of production which can be continued in the long term without damage to the environment
Nationalised industry
Sustainability
Public sector
Charities
48
Which is an example of economic uncertainty?
Entrepreneurs
Competition
Recession
Suppliers
49
What are Intranets?
Organisations formed to put forward a particular viewpoint
Innovation within a particular industry
Communication networks that can only be accessed by an organisation’s emplo
Networking events within an industry
50
Income elastic products are those...
whose sales are sensitive to changes in consumers income
whose sales are not sensitive to changes in consumers income
51
What is The percentage of sales in a particular market recorded by a business
Market capitalisation
Competition
Market share
Profit margin
52
How is a recession defined?
Two successive quarters of negative economic growth
The total spent by all shoppers throughout the country
An increase in sales and a fall in unemployment
An increase in the average price level within the economy
53
The publication of a business’s environmental performance to the general public
Sustainability
Recycling
Environmental responsibility
Environmental reporting
54
What is a stakeholder?
Organisation and individuals that are affected by a business This is a corr
People who are not interested in a business
55
Which is an example of ethical behaviour?
Testing on Amimals
Use of Fairtrade
Paying employees the minimum wage
Forcing supplier prices down
56
A document setting out what a business does and what it hopes to achieve in the future
Deed of partnership
Business plan
Limited liability
Trade union
57
An increase in consumer income means:
Demand for basic products fall
Purchase of luxury items falls
Demand for luxury items rise
Demand of basic products rise
58
Which is a disadvantage of ethical busisness behaviour?
Costs may increase
Sales may increase due to good publicity
Improved brand reputation
Easier to recruit / retain employees
59
When there is a lack of information about a situation; the outcome is difficult to predict
Risk
Speculation
Uncertainty
Trend
60
An intranet canonly be accessed by an organisations employees
True
False
61
An increase in the exchange rates mean that the pound is more valuable than other currency
True
False
62
What is Cloud computing?
The use of mobile technology for retail purposes
Advanced computer programs that can operate a range of admin tasks
Storage on computer systems for strategic, Blue Sky thinking
The general term for the delivery of specialist computing services
63
What is a contract of employment?
The introduction of online banking arrangements for retailers
An employee who works for a proportion of the week
Excessive interest rates must not be charged for products sold on credit
A legal document stating the hours, rates of pay, duties etc.
