
Influences on Business Unit Two Concepts

Flashcard
•
Business
•
10th Grade
•
Easy
Ellen John
Used 1+ times
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30 questions
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1.
FLASHCARD QUESTION
Front
New technology can enable remote meetings which can save on travel costs.
Back
How might new technology reduce business costs?
2.
FLASHCARD QUESTION
Front
Customers may reduce spending and buy cheaper alternatives, potentially increasing demand for Budget Savers' low-cost products.
Back
Outline one impact of decreasing levels of consumer income on Budget Savers supermarkets.
3.
FLASHCARD QUESTION
Front
Benefit: Access to a larger market. Drawback: Increased competition from foreign businesses.
Back
Identify one benefit and one drawback of globalisation.
4.
FLASHCARD QUESTION
Front
Tariffs – taxes placed on imports make foreign goods more expensive and less attractive to consumers.
Back
Explain one barrier to international trade.
5.
FLASHCARD QUESTION
Front
Strong Pound Imports Cheaper, Exports Dearer.
Back
What does SPICED stand for?
6.
FLASHCARD QUESTION
Front
Automation uses machines or robots to perform tasks previously done by humans, such as manufacturing or packaging.
Back
How is automation used?
7.
FLASHCARD QUESTION
Front
CAD (Computer-Aided Design) is software used to create precision drawings or models. Advantages: Accurate designs, easier to modify, saves time. Disadvantages: Expensive software and training required.
Back
What is CAD? Advantages / disadvantages.
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