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Business Studies IGCSEPDF 173
212 pagesrevision 46931
PDF 173
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6 External influences on business activity
61 Economic issues
6.1.1 Business cycle:
6.1.2 How goverment control over the economy
affects business activity and how businesses
may respond:
6.2 Environmental and ethical issues
6.2.1 Environmental concerns and ethical issues
as both opportunities and constraints for
businesses:
Main stages of the business cycle, e.g. growth,
Impact on businesses of changes in
employment levels, inflation and Gross
Domestic Product (GDP)
Identify government economic objectives,
@.g. increasing Gross Domestic Product (GDP)
Impact of changes in taxes and government
spending
Impact of changes in interest rates
How businesses might respond to these
changes
How business activity can impact on the
environment, e.g. global warming
The concept of extemailities: possible external
costs and external benefits of business
decisions
Sustainable development; how business activity
can contribute to this
How and why business might respond to
environmental pressures and opportunities,
8.9. pressure groups
The role of legal controls over business activity
affecting the environment, e.g. pollution controls
Ethical issues a business might face: conflicts
between profits and ethics
How business might react and respond to
ethical issues, e.g. child labour, paying fair
Prices to suppliers