external influences Flashcards
1
Q
buying materials online - advantages
A
- order 24/7
- no travelling - save costs
- wider choice
2
Q
buying materials online - disadvantages
A
- misleading images
- delivery delays
- fraud possibility
3
Q
customer data benefits
A
- more effective data handling
- mailing merge
4
Q
business environmental costs
A
- pollution - NAWL
- congestion
- climate change
- finite resources
5
Q
sustainability
A
carrying out business activities without damaging the environment
6
Q
sustainable production examples
A
- biodegradable packaging
- promote recycle schemes
- use renewable packaging
- fair trade
- minimise waste
7
Q
environmental policies - advantage
A
- reduce costs
- avoid legal penalties
- good rep
- ethical customer loyalty
- employee motivation
8
Q
environmental policies - disadvantages
A
- costs - resources more expensive
- employee training - increase costs
- material issues - finding alternatives
9
Q
international trade - advantages
A
- bigger market - more sales
- economies of scale
- wider customer range - downturn in one market
- exchange rate - rise in GBP value
10
Q
international trade - disadvantages
A
- transport issues => costs, strikes - restrict distribution
- lang barriers => translation costs eg. magazines
- different laws => eg. environmental laws
- foreign markets - demands
11
Q
globalisation
A
the increased interdependency of people around the world
- result of increased trade and cultural exchange
- led to increased production of goods and services worldwide
12
Q
globalisation opportunities
A
- wider recognition
- wider employee choice - diff skills & knowledge
- wider customer choice
- investment opportunities
13
Q
globalisation threats
A
- more competition
- lose employees to competitors => think another countries conditions are better
- exchange rates - may rise when importing - decrease profit
14
Q
globalisation customer advantages
A
- more choice
- lower prices
- better service - better workers
- mass production
15
Q
globalisation customer disadvantages
A
- different qualities
- exchange rates - pay higher price