What are exchange rates?

The cost of a currency in terms of another.

What are business ethics?

Conducting business in a moral way

Which of these is NOT an environmental trend?

Increases in flexible working hours

An increase in prices over a period of time

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Trends and Factors affecting business

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Questions 10

Answers

1
A local business has noticed a new rival has opened nearby. What could they do for the best?
Increase advertising
Reduce their opening hours
Spread rumours about the rival business
Increase prices
2
What are exchange rates?
The cost of borrowing money
The cost of a currency in terms of another.
An increase in prices over a period of time
A reduction in prices over a period of time
3
A business took out a loan. Interest rates have increased from 3% to 6%. What does this mean?
They will have more money to invest in new resources
Their costs will increase
They will go bankrupt
Their costs will decrease
4
What are business ethics?
Making as much profit as possible
Avoiding paying tax
Exploiting people in other countries
Conducting business in a moral way
5
Which of these is a social trend?
Concerns about child labour
Increasing use of renewable energy
Increase in recycling
Population changes
6
Which of these is NOT an environmental trend?
Increase in recycling
Reducing the amount of energy used
Increases in flexible working hours
Using electric vehicles to transport goods
7
Which of these is NOT a local factor?
Location
Skills of staff
Cost of loans
Competitors
8
Which of these is NOT a national factor?
Taxation
Inflation
Exchange Rates
Location of suppliers
9
What are interest rates?
The cost of a currency in terms of another.
The cost of borrowing money
A reduction in prices over a period of time
An increase in prices over a period of time
10
What is inflation?
A reduction in prices over a period of time
The cost of a currency in terms of another.
An increase in prices over a period of time
The cost of borrowing money

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