1.5

Created by

gritha

Cards (35)

What is a shareholder?
An individual or entity that owns shares in a company and has a financial interest in its success.
What are some shareholders?
owners
employees
customers
managers
suppliers
local community
pressure groups
government
What is e commerce? 
selling goods online
Why is social media used in a business?
promote the business
personal relationships
Why is digital communication important in a business?
fast communication
personalized offeres
Why are payment systems important in a business?
transferring and transacrions
How does technology influence a business?
sales
increases sales
faster service
conveniencee to work 24/7
costs
lower for business
spend less on paper
less staff
cheaper
marketing mix
more spend
reach audience
more relevance
What is the purpose of the legislation?
To protect consumer and employee rights
What are the guidelines of legislation?
the product must be good when sold
no defects
safety
durability
What is consumer protection law?
customers have rights to return the product if
broken or damaged
unusable
not what was shown
When do customers not have laws?
if product is:
damaged
customer knew defect before buying
consumer changes their mind
What is employment laws when it comes to recruitment?
sating cant cater to people with disability
cant ask for a certain age or gender
What are the laws when it comes to pay?
national minimum wage
set hourly wages
minimum costs
Laws with discrimination? 
not hiring someone for no reason
particular person for redunduncy
paying someone less for no reason
Laws for hiring with health and safety? 
right place to work
stopping employees from getting hurt
employer respponsibility
What is the impact of legislation on a business>
cost:
training costs
changed equipment
increases pay
administration pay
licenses or professional services
Consequences of meeting legal obligations?
positive reputation
stakeholders feel well-treated
higher sales
better candidates for jobs
Consequences of not meeting legislation?
business may be taken to court
negative media stories
ill reputation
business closed
What is the meaning of unemployment? 
People who can work but do not have jobs, discluding students and people with disabilities
What is the meaning of the unemployment rate?
how much of the population is unemployed
what is the positive impact of unemployment on a business?
larger pool of candidates to choose employees from
reduce wage rates
more entrepreneurs
Impact of unemployment on income?
fewer people have jobs
no disposable salaries
Spending power decreases
What is inflation? 
Increase in the general price level of goods and services in an economy over a period of time.
What is interest rate? 
The cost of borrowing money or the return on investment.
What is the impact of a rising interest rate?
cost of borrowing rises
pay back more money
level of demand falls
pay back more loans
need for the business to expand
What is the impact of a fall in interest rate?
borrowing money becomes cheaper
likely to use credit
lower cost of interest
demand for goods and services
What is corporation tax?
charges the business on a range of taxes
20% on all profits
impacts the profit
What is vat? 
value added tax
extra money is charged so that they can pay the government
What are exchange rates?
prices of currency exchange
your commissions asked
change of value overtime
How does technology impact communications?
sharing info easy
spreading news and discounts
research and development done faster
How does technology impact digital technology?
communication across borders
video conferencing
reduces carbon footprint
How does technology impact social media?
faster communication
personal relations
easy
How does technology impact laws?
minimum wage
correct rate and conditions to work
How does technology impact interest rates?
loans more expensive
How does technology impact exchange rates 
exports get affected
prices get affected