Savers earning less and borrowers repaying less is due to…

• Lower interest rates
• Tax relief
• Fluctuating exchange rates
• Trade credit agreements

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

How do increases in interest rates typically affect business borrowing?

• Increase borrowing costs
• Decrease borrowing costs
• Have no impact on borrowing
• Lead to changes in employee turnover

If customer income rises faster than prices…

• … customers will have more money to spend on things they want
• … customers will have less money to spend on things they want
• … sales of luxury goods will fall
• … people will be unwilling to pay more for goods

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

• Technological
• Social and cultural
• Economic
• Competitive

Environmental concerns and sustainability can influence a business through:

• Changes in employee turnover
• Altering the company's recruitment strategy
• Shaping product design and production processes
• Improving workplace safety

Which would be an appropriate way for a business to communicate with shareholders?

• App
• Social media
• Email
• Live chat

What term is used to describe the cost inclurred when borrowing money?

• Overdraft
• Mortgage
• Interest
• Finance

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 of the following are considered "sustainable"?

• Single-use plastics
• Fossil fuels
• Solar power
• Electric vehicle batteries