Influences on Financial Management (HSC SSCE Business Studies): Flashcards
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3 major global market influences
3 major global market influences
Economic outlook, availability of funds, interest rates
Globalisation definition
Globalisation definition
Increased interdependence between world economies
Global economic outlook meaning
Global economic outlook meaning
Projected changes in economic growth levels across the world
Effect of positive economic outlook
Effect of positive economic outlook
Increased demand for products and services
Availability of funds definition
Availability of funds definition
How easily a business can access borrowing from intl markets
Financial deregulation meaning
Financial deregulation meaning
Removal of barriers to cross-border financial flows
Interest rates definition
Interest rates definition
The cost of borrowing money
Principle: lending risk & interest rates
Principle: lending risk & interest rates
Higher lending risk means higher interest rates
Exchange rate risk definition
Exchange rate risk definition
Currency movements affecting borrowing costs
Instant Asset Write-Off benefit
Instant Asset Write-Off benefit
Immediate deduction for assets under $150,000