Employment And The Law 🧡 Flashcards
1
Q
Conditions of the Consumer Rights Act
A
Product should be fit for its purpose
Product should match its description
Product should be of a satisfactory quality
2
Q
Communicating digitally (6)
A
Social media
Websites
Email
Mobile apps
Live chats
Video calls
3
Q
How income affects a business (2)
A
Prices rise faster = people spend more on needs than wants
Prices rise slower = people spend more money on wants than needs
4
Q
What does low/high interest rates mean?
A
Low = demand increases, borrowing money increases, saving decreases
High = demand decreases, borrowing money decreases, saving increases
5
Q
Globalisation + -
A
+ increases sales
+ no import taxes
+ labour is cheaper
- currency difference
- bad publicity
6
Q
Reducing risks (2)
A
Planning
Research
