Influences on Business

• Intranets 


  Communication networks which can only be accessed by an organisation's employees.
• What are Intranets?

  Communication networks which can only be accessed by an organisation's employees.
• Extranets


  Communication Networks which can be accessed by other organisations such as suppliers.
• What are Extranets?

  Communication Networks which can be accessed by other organisations such as suppliers.
• Stakeholders


  Individuals and Organisations that are affected by, and affect, the activities of a business.
• What are Stakeholders?

  Individuals and Organisations that are affected by, and affect, the activities of a business.
• Software Robots


  Advanced computer programs that can operate a range of administrative activities previously carried out by employees.
• What are Software Robots?

  Advanced computer programs that can operate a range of administrative activities previously carried out by employees.
• E-commerce


  The act of buying or selling a product using an electronic system like the internet.
• What is E-commerce?

  The act of buying or selling a product using an electronic system like the internet.
• M-commerce


  The buying and selling of products through wireless handheld devices such as smartphones.
• What is M-commerce?

  The buying and selling of products through wireless handheld devices such as smartphones.
• Digital Communication


  The transmission of information electronically between computing devices.
• What is Digital Communication?

  The transmission of information electronically between computing devices.
• Webchat


  A simple way of communication in real time using only web browsers such as Chrome or Microsoft Edge.
• What is Webchat?

  A simple way of communication in real time using only web browsers such as Chrome or Microsoft Edge.
• Applications


  Pieces of Software designed for a specific purpose and for use on smartphones and tablets.
• What are Applications?

  Pieces of Software designed for a specific purpose and for use on smartphones and tablets.
• Social Media


  Methods of online communication such as websites and applications. They share information and help to develop social and professional contacts.
• What is Social Media?

  Methods of online communication such as websites and applications. They share information and help to develop social and professional contacts.
• Telesales


  When a business uses a phone when first contacting a customer with the aim of selling its products.
• What are Telesales?

  When a business uses a phone when first contacting a customer with the aim of selling its products.
• Ethics


  Whether a business decision is thought to be morally right or wrong. An ethical decision is made on the basis of what is judged to be morally right.
• What is Ethics?

  Whether a business decision is thought to be morally right or wrong. An ethical decision is made on the basis of what is judged to be morally right.
• Profit


  Measures the difference between the values of a business's revenue (sales) and its total costs.
• What is Profit?

  Measures the difference between the values of a business's revenue (sales) and its total costs.
• What are Fairtrade Products?

  Products which customers pay higher prices and offer better trading terms, such as payments with orders. The aim is to improve the living standards of people in poorer countries where products are being produced.
• Fairtrade Products


  Products which customers pay higher prices and offer better trading terms, such as payments with orders. The aim is to improve the living standards of people in poorer countries where products are being produced.
• Social Responsibility 


  An approach to managing businesses which the interests of all groups in society are taken into account when making decisions.
• What is Social Responsibility?

  An approach to managing businesses which the interests of all groups in society are taken into account when making decisions.
• External Costs


  The costs that a third-party must bear from the production of a product.
• What are External Costs?

  The costs that a third-party must bear from the production of a product.
• How can Traffic Congestion affect a Business?

  Causes delays in the transportation of products, often leaving stores with a shortage of a certain product.
• Pressure Groups


  A group of people with a common interest who influence public opinion and decisions by businesses and governments.
• What are Pressure Groups?

  A group of people with a common interest who influence public opinion and decisions by businesses and governments.
• Why is being Environmentally Friendly important for a Business?

  • Helps maintain their Reputation and Trust from their consumers.
  • Cost-saving as the business adopts practices like energy efficiency and waste reduction.
  • Bring in new investors.
  • Future Proofing
• Different ways products can be transported:

  • Lorry
  • Plane
  • Boat
  • Train
• Environmental Reporting


  The publication of a business's environmental performance to the general public.
• What is Environmental Reporting?

  The publication of a business's environmental performance to the general public.
• Weak Economic Climate:

  Falling levels of:

  • Employment
  • Production
  • Consumer Income
  • Spending