UNIT 6 - EXTERNAL INFLUENCE ON BUSINESS ACTIVITY

Updated: Jan 20, 2021

Syllabus Overview

This section focuses on different external influences on business activity and how these impact on a business. It includes government influences on economic, environmental and ethical issues and how they impact on the functional areas of businesses. In addition, the international economy including globalisation and its effects on businesses and governments, multinational businesses and exchange rates are important issues. Legal constraints are an external influence to be considered but these influences are covered in the relevant functional areas above, as well as in this last section. 

Economic issues

What is business cycle?

What are government economic objectives?


Environmental and ethical issues

What are the environmental and ethical concerns of a business?


Business and the international economy

What is the importance of globalisation?

What are multinational companies

How does exchange rates affect your business?


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REFERENCE

Syllabus Cambridge IGCSE™ Business Studies 0450 by CAIE