A company's focus on reducing waste and energy consumption in its operations is influenced by:
- Competitive pressures
- Environmental sustainability concerns
- Technological advancements
- Employee morale
What is an example of an internal influence on a business?
- Economic conditions
- Government regulations
- Competition
- Company culture
How can changes in the global economy affect a business?
- By reducing employee turnover
- By increasing government regulations
- By impacting international trade and market opportunities
- By improving internal communication
Which term is used to describe how to reduce risk if things do not go to plan?
- Quantitative data
- Primary research
- Economic recovery
- Mitigation
A change in consumer preferences for organic and sustainable products is an example of which influence on businesses?
- Social and cultural influences
- Economic conditions
- Governmental regulations
- Technological advancements
The introduction of new tax regulations by the government can be considered a(n) __________ influence on business.
- Economic
- Social
- Political
- Technological
Which of the following are considered "sustainable"?
- Single-use plastics
- Fossil fuels
- Solar power
- Electric vehicle batteries
How can a company's reputation and brand image influence its success?
- By increasing the competition in the market
- By attracting more government regulations
- By affecting consumer trust and loyalty
- By changing employee turnover rates
In a competitive market, why is price an important factor?
- Luxury goods will always be of high value
- Customers will shop at the lowest-priced business
- There are a reduced number of high street stores
- M-commerce is reducing demand for physical stores
How can a change in government tax policies affect a business's finances?
- It can lead to changes in employee turnover
- It can influence consumer behaviour
- It can impact the company's revenue and expenses
- It can enhance product quality
