Business Studies
External influences — Topic 6
- 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
[1 mark] · no calculator - 2.
Explain one way in which the interests of a company's shareholders might conflict with the interests of its employees.
[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.
[2 marks] · no calculator - 4.
A labour-intensive clothing manufacturer currently pays many workers at the existing minimum wage. Explain one likely effect if the government significantly increases the legal minimum above that rate.
[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.
[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
[1 mark] · no calculator - 7.
Explain one benefit to a small domestic business of being able to export its products to other countries.
[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.
[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.
[4 marks] · no calculator - 10.
Explain one likely effect on a furniture retailer if the economy enters a recession.
[2 marks] · no calculator - 11.
Explain one way a legal minimum wage could affect a labour-intensive business that currently pays below this new rate.
[2 marks] · no calculator - 12.
A taxi company faces new competition from a ride-hailing app that uses smartphone technology to match drivers with passengers. Analyse how this technological change could affect the taxi company.
[2 marks] · no calculator