An Overview of the External Environment: Further Exploration (VCE SSCE Business Management): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Technological development definition
Technological development definition
Innovations & improvements in tech that assist business work
Avg cost of cybercrime per incident in Australia
Avg cost of cybercrime per incident in Australia
Nearly $300,000
Overseas competitors definition
Overseas competitors definition
Businesses not based in Australia competing with Aust. businesses
Offshoring definition
Offshoring definition
Work done in another country (e.g., maintenance in Hong Kong)
Exchange rates definition
Exchange rates definition
Value of a currency against another
Impact of strong Australian dollar on exports
Impact of strong Australian dollar on exports
Exports become more expensive, potentially reducing sales
Patent definition
Patent definition
Right for new, inventive, useful device/substance/method/process
Copyright protection duration
Copyright protection duration
70 years from the year of the author's death
Trademark definition
Trademark definition
Protection that legally prevents others using business reputation
Corporate social responsibility (CSR) definition
Corporate social responsibility (CSR) definition
Business conducts ethically, takes responsibility for impacts
