Internal and External Influences (AQA A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
Which type of influence on financial objectives is more controllable by a business?
Which type of influence on financial objectives is more controllable by a business?
Internal influences
What are the two key financial impacts when a competitor cuts prices significantly?
What are the two key financial impacts when a competitor cuts prices significantly?
Lower sales & reduced profit margins
Why did HMV and Blockbuster fail to meet their financial objectives?
Why did HMV and Blockbuster fail to meet their financial objectives?
They failed to adapt to streaming services
How do recessions typically affect businesses' ability to achieve financial objectives?
How do recessions typically affect businesses' ability to achieve financial objectives?
Make growth targets difficult to achieve
Which types of business are particularly affected by interest rate rises?
Which types of business are particularly affected by interest rate rises?
High-debt firms & luxury item sellers
Which is an example of a political factor that can affect financial objectives?
Which is an example of a political factor that can affect financial objectives?
Increases in minimum wage
What is the key trade-off when adopting new technology systems?
What is the key trade-off when adopting new technology systems?
Short-term investment vs long-term gains
A business pursuing growth may need to accept which financial trade-off?
A business pursuing growth may need to accept which financial trade-off?
Lower short-term profitability
What can prevent financial targets being met even with favourable market conditions?
What can prevent financial targets being met even with favourable market conditions?
Resource constraints
What do operational factors create in terms of short-term financial objectives?
What do operational factors create in terms of short-term financial objectives?
A ceiling on what's achievable