Influences on business Flashcards
1
Q
What are 4 environmental considerations?
A
Sustainability
Water disposal
Climate change
Pollution
2
Q
What are two pros of ethics in a business?
A
Makes it a safer workforce
Saving lives
3
Q
What are two cons to ethics in a business?
A
It’s costly
Employ extra staff/training
4
Q
What is globalisation?
A
The world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange between countries.
5
Q
What are 4 impacts of globalisation?
A
The growth of multinational companies
Influence on business location
International branding
How businesses compete internationally
