Mr Elsender

Question 1

Fiscal Policy

Answer 1

Taxation up, Employment down

Question 2

Inflation

Answer 2

Taxation up, Employment down, growth down, no exports

Question 3

SPICED

Answer 3

Strong Pound Import Cheaper Export Dearer

Question 4

Price Elasticity

Answer 4

Measuring how responsive demand is to change in price

Question 5

Eurozone

Answer 5

19 members of the EU using the euro

Question 6

Civil Law

Answer 6

Concerned with the rules that govern the relationships between people and or a business

Question 7

Competition Law

Answer 7

You cannot own more than 25% of the market

Question 8

Indirect Discrimination

Answer 8

When an employer places a condition on work

Question 9

Statutory Rights

Answer 9

Everyone is entitled to the rights

Question 10

4 Ps

Answer 10

Product Price Place Promotion

Question 11

What four factors make a successful business?

Answer 11

Profit, Sales, Brand Equity, Image

Question 12

AIDA

Answer 12

Attention, Interest, Desire, Action

Question 13

Boston Matrix

Answer 13

Marketing tool that allows businesses to conduct a portfolio analysis

Question 14

Economy Of Scale

Answer 14

Getting the most of out of a budget or resources

Question 15

Monetary Policy

Answer 15

Interest rates increase and money supply decreases