Which of the following constitutes a "reasonable step" to comply with the Health and Safety at Work Act (1974)?

  • Hiring lawyers to defend against personal injury claims
  • Increasing pay for staff involved in dangerous work
  • Saving money to pay anyone who is injured at work
  • Keeping records of accidents

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

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

Which external influence on business relates to changes in how society perceives and values certain issues?

  • Technological
  • Social and cultural
  • Economic
  • Competitive

A business decides to switch to more environmentally friendly packaging. This is an example of which influence on business?

  • Economic
  • Social
  • Technological
  • Governmental

Which of the following is an example of a cultural influence on business?

  • Changes in economic factors
  • Shifts in consumer preferences
  • Advances in technology
  • Government regulations

How can a change in exchange rates affect businesses involved in international trade?

  • It leads to improved environmental sustainability
  • It can influence the company's brand image
  • It impacts the cost of imports and exports
  • It increases employee morale

What is the main impact of economic factors on a business?

  • Shaping the company's organisational structure
  • Influencing financial performance and profitability
  • Increasing competition in the market
  • Enhancing employee motivation

The introduction of new tax regulations by the government can be considered a(n) __________ influence on business.

  • Economic
  • Social
  • Political
  • Technological

How can a business use social media trends to its advantage?

  • By reducing supply chain disruptions
  • By enhancing environmental sustainability
  • By influencing consumer behaviour and engagement
  • By changing product quality