Edexcel GCSE Business Theme 1.5 Quiz Quiz

The government updates and approves new legislation every year which businesses need to follow and adhere to.

Which two are example of digital communication?

It costs nothing for businesses to adapt to changes in legislation or newly approved legislation.

Employment law is designed to protect consumers from unfair and dishonest business practices

Which one isn't an example of the four key areas of employment law in the UK?

The main objectives of this stakeholder usually revolve around receiving the best possible pay & increasing job security

What are the two consumer laws which businesses must adhere to in the UK?

Any business transaction which takes place using an electronic device which is connected to the internet.

Customers are an internal stakeholder.

When interest rates rise, the cost of borrowing increases and customers are more likely to save their money.

Which one isn't an internal stakeholder?

If inflation rises quicker than wages, people will have ______ money to spend on products and services.

Which two are examples of government taxation?

If the economy is growing, the economic climate is described as being?

Which two are examples of the consequences a business could face if it does not adapt to a change in legislation?