The Market Environment (Grade 10 NSC Matric Business Studies): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Opportunities in business
Opportunities in business
Positive external factors helping business succeed/grow
Threats in business
Threats in business
Negative external factors harming business or blocking goals
SWOT analysis
SWOT analysis
Tool examining Strengths, Weaknesses, Opportunities, Threats
SWOT acronym meaning
SWOT acronym meaning
Strengths, Weaknesses, Opportunities, Threats
Internal factors in SWOT
Internal factors in SWOT
Strengths and Weaknesses (things business can control)
External factors in SWOT
External factors in SWOT
Opportunities and Threats (outside the business)
Effect of lower taxes
Effect of lower taxes
Businesses keep more of their profits
Effect of higher taxes
Effect of higher taxes
Reduced profits
Inflation definition
Inflation definition
General increase in prices reducing purchasing power
Industrial action
Industrial action
Actions taken by employees during protests, such as strikes