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Business

GCSE · Edexcel

QuestionsFlashcards

2.1 Growing the Business
2.2 Making Marketing Decisions
2.3 Making Operational Decisions
2.4 Making Financial Decisions
- Business Calculations
  6
- Understanding Business Performance
  8
2.5 Making Human Resource Decisions

3.1 The Exam Papers
- Paper 1: Investigating Small Business
  6
- Paper 2: Building a Business
  6
3.2 Business Exam Skills
3.3 Structuring Your Responses

The Economy & Business Flashcards

All 6 cards in this deck

What is inflation?: A general rise in the average price level of goods and services over time.
True or false? A decrease in interest rates means customers will borrow more money.: True. Borrowing becomes cheaper, so customers borrow and spend more.
Give one effect on a small business of an increase in unemployment.: Customers may lose their jobs, so have less disposable income, leading to a fall in revenue.
What is the likely effect on a business of a rise in the level of consumer income?: Consumers have more disposable income, so spend more, especially on luxuries, raising the business's revenue.
How does a reduction in government taxation on profits affect a business?: It keeps more retained profit, which it can invest in the business or use to lower prices.
What happens to imports and exports when the value of the pound falls?: Imports become more expensive for UK businesses; exports become cheaper for foreign customers.