Which of the following is an example of a social influence on a business?
- Technological advancements
- Changes in consumer demographics
- Government regulations
- Supply chain disruptions
A rise in interest rates is primarily a result of:
- Changes in consumer behaviour
- Government regulations
- Economic factors
- Technological advancements
Working to reduce damage to the Earth for future generations is know as what?
- Sustainability
- Corporate responsibilty
- Social mobility
- Carbon footprint
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
How can changes in the political landscape affect a business?
- By impacting employee motivation
- By altering government regulations and policies
- By influencing consumer preferences
- By enhancing product quality
A business that adapts its products to cater to the needs of a diverse and multicultural customer base is influenced by which factor?
- Economic conditions
- Social and cultural diversity
- Technological advancements
- Governmental regulations
Which law requires goods and services to be "fit for purpose"?
- Health and Safety at Work Act (1974)
- Labelling of Food Regulations (1970)
- Consumer Rights Act (2015)
- Weights and Measures Act (1986)
How does globalisation influence businesses?
- By making government regulations more restrictive
- By creating new economic factors
- By expanding market opportunities beyond national borders
- By altering employee turnover rates
How does increased customer demand during the holiday season affect businesses?
- It decreases the need for marketing efforts
- It can lead to higher sales and revenue
- It results in lower competition
- It has no impact on business operations
Which of the following is a demographic influence on business?
- Changes in employee motivation
- Advances in technology
- Aging population leading to changes in product demand
- Environmental regulations
