Influences on business

• What are the benefits of e-commerce?


  Access to global market

  Better communication with stakeholders

  Improved marketing oppotunites

  Better market research
• What are the drawbacks of e-commerce?


  Security issues

  Technogly can fail.
• What is m-commerce?

  The buying and selling of goods or services on a mobile phone
• What is an example of ethics in business?


  Paying workers fairly
• What is an example of morals in business?


  Doing work for a high standard
• What is an example of sustainability in business?

  Not dumping waste
• What are food miles?

  The miles that the food takes to get from the producer to the consumer.
• Why do business locate internationally ?

  Developing countries allow environmental laws top be relaxed as it attracts more business as it is cheaper to run.
• What is a consequence of long food miles?

  High carbon admissions
• What business will be badly affect by a recession?

  Apple, is an expensive brand and is not essential meaning less people will buy phones and other electronics.

  Hilton, people will travel less as it is expensive so less people stay in hotels

  Sky, subscriptions are expensive and are not essential
• What is overdraft?

  Is a line of credit on your business bank account that gives you more short-term cash flow than your business can fund from its own capital
• What is the economic climate?

  The state of key factors within a country such as the level of goods and services produced and the number of jobs avalible.
• What is consumer spending?

  The level of spending by consumers over a time period,  usually a month or a year.
• What is an income elastic product?

  Those products whose sales are sensitive to changes in consumers' income
• What is interest?

  The cost of borrowing money or the return on investment.
• What is globalisation?

  Globalisation refers to the increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas.
• What is an multinational company?

  A business that sell products or services in more than one country
• What is a tariff?

  A tax on imported goods.
• What is economies of scale?

  Is when business's unit costs of production fall as its output rises and the business expands.
• What is inward investment?


  Investments made in a country made by investors outside the country.
• What is a takeover?


  When a bigger company takes over a smaller country
• What is legislation?

  The laws set out by the goverment to protect custorms, employees and business in general.