School / Cambridge IGCSE / 0450 / External influences Practice set under review
External influences Stakeholders, government policy, ethics and international trade for Papers 1 and 2.
Business Studies External influences
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1 A group of people living near a new factory, concerned about noise and traffic, is an example of which stakeholder group? A Shareholders B The local community C Suppliers D Competitors ✓ Reviewed Paper 1 style Easy 1 marks No calculator + 2 Explain one way in which the interests of a company's shareholders might conflict with the interests of its employees. ✓ Reviewed Paper 1 style Easy 2 marks No calculator + 3 A government raises indirect tax on sugary drinks. Explain the likely effect of this on a business that produces sugary drinks. ✓ Reviewed Paper 1 style Easy 2 marks No calculator + 4 Explain one likely effect on a labour-intensive clothing manufacturer if the government significantly raises the national minimum wage. ✓ Reviewed Paper 1 style Easy 2 marks No calculator + 5 Explain one reason why a business might choose to act ethically (for example, by paying fair prices to suppliers) even if this reduces its short-term profit. ✓ Reviewed Paper 1 style Easy 2 marks No calculator + 6 A car manufacturer in Country X buys steel produced in Country Y. From Country X's perspective, this steel is: A An export B A tariff C An import D A subsidy ✓ Reviewed Paper 1 style Easy 1 marks No calculator + 7 Explain one benefit to a small domestic business of being able to export its products to other countries. ✓ Reviewed Paper 1 style Easy 2 marks No calculator + 8 A domestic shoe manufacturer faces increasing competition from cheaper imported shoes after the government removes a tariff on imports. Analyse two ways this could affect the domestic manufacturer. ✓ Reviewed Paper 2 style Easy 3 marks No calculator + 9 Discuss whether a growing domestic business should expand by selling into overseas markets, given that this exposes it to new competition and costs, as well as new customers. ✓ Reviewed Paper 2 style Medium 4 marks No calculator + Self-assessed 0 / 0
Set total 19
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