Influences on Business Summary Quiz 2

Which of the following is a benefit to a business of accepting greater environmental responsibility?

• Profit levels are reduced

• Prices may rise

• Costs may increase

• Sales increase due to good publicity

If consumer incomes rise, which of the following is most likely to result for a business selling electrical goods, such as televisions and computers?

• Consumer spending increases and business sales increase

• Consumer spending decreases and business sales decrease

• Consumer spending increases and business sales decrease

• Consumer spending decreases and business sales increase

A business uses social media as a method of promoting its products. Which of the following stakeholders is the business most likely to be targeting?

• Employees

• Customers

• Local community

• Owners

Which of the following is a possible benefit to a business of paying the national living wage?

• Productivity levels may increase

• The business may receive bad publicity

• Staff retention rate will be low

• Future recruitment may be more difficult

Which of the following laws would a supermarket be breaking if it failed to provide suitable thermal clothing to keep employees warm when rotating stock in the store freezer?

• Consumer Rights Act (2015)

• Equality Act (2010)

• Health and Safety at Work Act (1974)

• National Living Wage (2016)

Which of the following is true for a UK importer of goods from Italy if the value of the pound becomes stronger against the euro?

• Sales increase and profit increases

• Sales decrease and profit increases

• Sales increase and profit decreases

• Sales decrease and profit decreases

Within the next five years, supermarket chain, Iceland, is to replace all plastic packaging of own-brand products with a paper-based alternative. This is an example of the business:

• Behaving unethically

• Using scarce resources

• Accepting greater environmental responsibility

• Reducing traffic congestion

As unemployment levels rise, demand for which of the following goods is most likely to remain the same?

• New cars

• Shoes

• Milk

• Toys

Which of the following is an external risk faced by businesses?

• Low levels of employee motivation

• Employees taking industrial action

• Falling sales leads to lower profits

• New legislation introduced

Which of the following pieces of legislation prevents UK businesses from putting employees in danger in the workplace?

• Equality Act (2010)

• Consumer Rights Act (2015)

• Health and Safety at Work Act (1974)

• National Living Wage (2016)