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Terry
0450-18-O-N-11-4d
Chan
TOPIC QUESTION - PAPER 1
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Chan
May 17, 2026 at 7:36:21 AM
Oct/Nov 2018
Version 1
6.0 External Influences on Business Activity
6.1 Economic Issues
YOUR ANSWER
Increasing interest rates will increase cost of borrowing, as AHP will have to pay more interest if they would take a loan from the bank to pay for the relocation cost of setting up a factory in a low-cost country in Asia. Increasing interest rate will also increase savings, as consumers may earn more interest. This will reduce spending on goods and services such as mobile phones.
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6/6
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