External Environment (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 factors are part of the external environment affecting businesses?
Which factors are part of the external environment affecting businesses?
Competition, market conditions, interest rates
Why did major UK supermarkets experience falling demand according to the note?
Why did major UK supermarkets experience falling demand according to the note?
Discount retailers Aldi & Lidl attracted customers
What happened to HMV as a result of technological innovation?
What happened to HMV as a result of technological innovation?
It nearly collapsed due to music downloading
What effect do rising interest rates have on consumer disposable income?
What effect do rising interest rates have on consumer disposable income?
Disposable income falls
How do high or rising interest rates affect business capital investment decisions?
How do high or rising interest rates affect business capital investment decisions?
Businesses postpone new capital investment
During falling incomes, how does demand for necessities compare to luxuries?
During falling incomes, how does demand for necessities compare to luxuries?
Necessities fall less than luxuries
What does low income elasticity of demand indicate about a product?
What does low income elasticity of demand indicate about a product?
Demand changes little when incomes change
What are the two significant demographic trends affecting the UK?
What are the two significant demographic trends affecting the UK?
Growing population & ageing population
How can fair trade affect businesses buying from suppliers in less developed countries?
How can fair trade affect businesses buying from suppliers in less developed countries?
May increase costs but boost ethical demand
In PESTLE analysis, which category includes inflation and labour costs?
In PESTLE analysis, which category includes inflation and labour costs?
Economic