Legislation

Question 1

Consumers are protected by the principle of SAF which stands for;

Answer 1

Satisfactory quality,
As described
Fit for purpose

Question 2

How is inflation measured?

Answer 2

CPI

Question 3

Definition of inflation?

Answer 3

Rise of prices over time

Question 4

What does high inflation do to consumer spending power?

Answer 4

Less disposable income

Question 5

What will inflation likely do to a business costs?

Answer 5

Increase it

Question 6

Factors that influence inflation

Answer 6

Demand, production costs,

Question 7

If pound appreciates

Answer 7

Increases in price, Spiced

Question 8

I found depreciates

Answer 8

Decrease in price Wpidec

Question 9

If pound is strong

Answer 9

You have more spending money as a tourist

Question 10

If pound is weak

Answer 10

You have less spending money abroad because pound is stronger in other counties

Question 11

Who benefits from strong pound

Answer 11

Imports cheaper

Question 12

We imports

Answer 12

Cause you can imports cheaper
China - less legislation

Question 13

Imprints are

Answer 13

Goods brought form another country

Question 14

Exports are

Answer 14

Goods sold to another country

Question 15

Spiced stands for

Answer 15

Strong
Pound
Imports
Cheaper
Exports
Dearer

Question 16

Wpidec

Answer 16

Weak
Pound
Imports
Dearer
Exports
Cheaper

Question 17

Why does a strong pound matter

Answer 17

Imports cheaper, decreases costs, lowers break even, prices lower, bad for brist who want to export.

Question 18

What is the pound is weak