Chapter 17, Political, Social and ethical factors Flashcards
1
Q
Main changes made by the single European market legislation
A
- freedom of movement of all EU citizens
- free movement of capital within the EU
- consistent regulations and standards
- harmonization of tariff and tax rules
2
Q
Fiscal Policy
A
the use of government spending and taxation through the government’s annual budget to influence the level of demand in the economy
3
Q
The competition and MArkets authority
A
CMA the government organization that makes markets work well for consumers
4
Q
effects political factors can have on a business
A
- Marketing: the way a product is portrayed or advertised
- Financial: recession
- People: policies of employment
5
Q
Social Issues
A
- Demographic changes
- Changes in age of population
- Ethnic diversity
- Changes in patterns of employment
- Technology
- Agency Work]
6
Q
effects social factors can have on a business
A
- Marketing: age or income changes marketing audience
- Financial: social habits
- People: increase in part-time working
7
Q
Ethical issues
A
- Environment and ethical issues
- Charity and fundraising
- Diversity
- Financial responsibility