Ch 1st Yr Business Studies

What factors influence your decision to buy a product?

• Price

• Quality

• How well it works

• Its Popular

An example of a natural resources is:

• Workers

• Money

• Oil

• Buildings

Non -renewable resources like coal will eventually run out.

• True

• False

Using resources in a way that meets current needs but also preserves resources for future generations is called

• Consumerism

• Capitalism

• Sustainability

• Ethics

Fair trade will mean

• A fair price for products

• Decent working conditions

• Fair terms of trade

CSR stands for

• Company Relative responsibility

• Corporate relative responsibility

• Company Social Responsibility

• Corporate Social Responsibility

An approximate measure of all greenhouse gases emitted either directly by you or on your behalf is

• Sustainability

• Carbon Footprint

• Green consumerism

• Ethics

What can you do as a 'Good' consumer

• Ask where the product is made

• Reduce, Reuse, Recycle

• Shop Local

• Support sustainable businesses

Globalisation developed because of the Industrial revolution

• True

• False

The unit cost of an item reduces when operating on a large scale is called

• Transnational

• Economies of Scale

• Globalisation

• Foreign direct investment