Economies and markets becoming more connected worldwideGovernments controlling all tradeCurrencies being fixed in valueBusinesses trading only in their home country
2
Which best defines an economic recession?
A period when the economy shrinksA period of fast-rising pricesA fall in interest ratesA period when unemployment falls
3
Which is a non-price method of competing with rivals?
Running a half-price saleImproving customer serviceMatching a rival's lower priceCutting prices
+ 12 more questions in the game.
Practice
Influences on Business: Legislation
GCSE15 questions· Core
Plays in 23 of 23 game modes, including Gold Rush, Big Catch and Speed Blitz.
Health and Safety lawEquality lawConsumer lawNational Minimum Wage lawNo unfair discriminationLowest legal hourly paySafe workplaces and equipmentGoods fit for purpose
2
Match each trade term to its meaning.
ImportExportGlobalisationExchange rateSold abroadPrice of one currency in anotherBought from abroadMarkets worldwide becoming connected
3
Match each economic term to its meaning.
RecessionUnemploymentInflationInterest ratePeople wanting work cannot find itThe economy shrinksThe cost of borrowing moneyA general rise in prices
+ 12 more questions in the game.
Practice
Influences on Business: Competitive environment
GCSE15 questions· Core
Plays in 23 of 23 game modes, including Gold Rush, Big Catch and Speed Blitz.
Economies and markets becoming more connected worldwideBusinesses trading only in their home countryGovernments controlling all tradeCurrencies being fixed in value
2
Which best defines an economic recession?
A period of fast-rising pricesA period when unemployment fallsA period when the economy shrinksA fall in interest rates
3
Which is a non-price method of competing with rivals?
Running a half-price saleMatching a rival's lower priceCutting pricesImproving customer service
+ 12 more questions in the game.
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