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Business Unit 7b > Social Change > Flashcards

Social Change Flashcards

1
Q

What is migration?

A

Migration is the movement of people between countries or regions

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2
Q

What is urbanisation?

A

Urbanisation is the movement of people from the countryside to live in cities

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3
Q

Types of demographic change?

A
  • Ageing society
  • Vertical family
  • Baby boom
  • Untraditional families
  • Changing ethnic profile
  • Squeezed middle generation
  • Multispeed demography
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4
Q

What is ethical behaviour?

A

Ethical behaviour is that which is regarded as being morally correct, such as using sustainable sources of supply for resources used in production

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5
Q

What changes in consumer lifestyle and buying behaviour has there been?

A
  • increased impact of technology on lifestyles and buying behaviour
  • health and well-being
  • consumer confidence
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6
Q

What are the implications and benefits of the growth of online businesses?

A
  • High street stores close
  • Less employees
  • Less people going out
  • lower costs
  • marketing
  • quick and cheap start up
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7
Q

What is corporate social responsibility?

A

CSR is a business philosophy that emphasises that firms should behave as good citizens.

Not merely operate within the law, but should consider effects of activities on society as a whole, attempting to fulfil the duties it has towards its stakeholders

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8
Q

What is a pressure group?

A

A pressure group is a group of people with common interests who organise to influence public opinion and the decisions of businesses and governments

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9
Q

What interests may shareholders have?

A
  • Regular dividends
  • Rising share prices
  • Preferential treatment as customers
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10
Q

What interests may employees have?

A
  • Steady and regular income
  • Healthy and safe working conditions
  • Job security
  • Promotion and higher incomes
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11
Q

What interests may customers have?

A
  • Certain and reliable supply of goods
  • Stable prices
  • Safe products
  • After-sales service and technical support
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12
Q

What interests may suppliers have?

A
  • Frequent and regular orders
  • A sole supplier agreement
  • Fair prices
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13
Q

What interests may creditors have?

A
  • Repayment of money owed at agreed date
  • High returns on investments
  • Minimal risk of failure to repay money owed
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14
Q

What interests may the local community have?

A
  • Steady employment
  • Minimal pollution and noise
  • Provision of facilities
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15
Q

What is Carroll’s pyramid?

A

Sets out a hierarchy of four types of responsibility that a business should meet to be socially responsible, first has to be met to then move on:

Economic responsibilities
- be profitable, without this survival is not possible and unable to fulfil other responsibilities

Legal responsibilities
- obey the law, code of right and wrong

Ethical responsibilities
- be ethical, do what is right and fair

Philantropic responsibilities
- be a good corporate citizen

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16
Q

What is the shareholder concept?

A

Management teams should only aim to meet their responsibilities to shareholders, best done by maximising profits.

17
Q

What is the stakeholder conept?

A

Management teams operate with the expectation that the business will take into account the obligations it may have to society in general.

18
Q

What are corporate social reports?

A

Corporate social reports are documents setting out a business’s targets for meeting its social obligations and the extent to which previous social targets have been achieved.

19
Q

What is cloud computing?

A

Cloud computing involves the centralised storage of data in remote servers and online access by users worldwide on internet-connected devices

20
Q

What is computer-aided design (CAD)?

A

CAD is a combination of hardware and software that allows businesses to create, modify and adapt plans for new products

21
Q

What is computer-aided manufacturing (CAM)?

A

CAM is the use of machines controlled by computers as part of a production process

22
Q

What is data analytics?

A

Data analytics is the process of investigating raw data with the intention of drawing conclusions from the information

23
Q

What does Porter’s five forces used for?

A

Porter’s five forces of competitive position model provides a simple framework for assessing and analysing the competitive strength and position of a corporation or business.

24
Q

What are Porter’s five forces?

A

Power of suppliers

Power of buyers

Threat of substitutes

Threat of new entrants

Competitive rivalry

25
Q

What is sensitivity analysis?

A

Sensitivity analysis is a technique that uses variations in forecasts to allow for a range of outcomes

Business Unit 7b (10 decks)

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