UNIT OUTLINE
External Influences on Business Activity

6.1 Economic issues
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What are the key economic objectives?
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What is a business cycle?
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What are the government policy instruments?
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How does a change in government spending affect business activity?
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How does a change in taxes effect business activity?
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How does a change in interest rate effect business activity?

6.2 Environmental and ethical issues
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What are sustainable development practices?
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What are external impacts of business activity?
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What are actions of pressure group?
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What are the legal controls, laws and regulation adopted by governments?
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What are the ethical considerations in businesses?

6.3 Business and the international economy
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What are the importances of globalization?
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What are the opportunities for businesses with globalization and international trade?
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What are the threats from globalization and trade?
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What are trade barriers, their examples and consequences?
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What is the role of multinational companies?
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What are the benefits and disadvantages of multinationals to the economy?
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What is the impact of exchange rates?
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How does exchange rates affect international competitiveness of businesses?
SCORING STRATEGY