Influences on Business | OCR GCSE Business (J204)
Influences on Business
- 61 questions
- 4 subtopics
- Component 02
- Component 02
Influences on Business is examined in Component 02, Business 2: operations, finance and influences on business.
It covers ethical and environmental considerations, the economic climate, globalisation and multinational companies and international branding and competition.
Sample questions from Influences on Business
Answer each one closed book first, then open the answer.
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Ethical and environmental considerations
What is Fairtrade, and why do some businesses sell Fairtrade products?
Show the answer
Fairtrade guarantees producers in developing countries a minimum price and an extra premium for community projects. Fairtrade products show customers that a business sources ethically. -
Ethical and environmental considerations
How can business activity cause pollution?
Show the answer
Factories can release harmful gases into the air and waste into rivers. Delivery lorries and flights add to air pollution and noise. -
The economic climate
Why might a discount retailer do well when consumer incomes fall?
Show the answer
Customers switch from expensive brands to cheaper alternatives to save money. Budget supermarkets and discount stores gain customers from dearer rivals. -
The economic climate
What is a recession?
Show the answer
A recession is a period when the economy shrinks, output falls and unemployment rises. A recession is usually defined as two consecutive quarters of falling national output. -
Globalisation and multinational companies
Why do multinationals set up production in other countries?
Show the answer
Wages, land and other costs may be much lower abroad. A factory inside a market also avoids import tariffs and cuts delivery times. -
Globalisation and multinational companies
How does globalisation create threats for UK businesses?
Show the answer
UK firms face more competition from overseas producers with lower costs. Customers can buy from abroad online, so a small UK business may lose sales. -
International branding and competition
Why do some businesses keep their products exactly the same in every country?
Show the answer
A standard product lets the business mass-produce and cut unit costs. A consistent image also strengthens the brand worldwide. -
International branding and competition
What is a tariff, and how does it affect international competition?
Show the answer
A tariff is a tax on imported goods. A tariff raises the price of foreign goods, which helps home producers compete.
The 4 subtopics
One subtopic is one session. Work down the list.
| Subtopic | What it covers | Questions |
|---|---|---|
| Ethical and environmental considerations | Ethical treatment of workers, suppliers and customers, ethical sourcing and Fairtrade, unethical marketing, sustainability, waste, pollution, climate change, carbon footprints and pressure groups. | 17 |
| The economic climate | Consumer and disposable income, how rising and falling incomes affect different businesses, unemployment, recession, interest rates and inflation, and a worked fall in sales. | 16 |
| Globalisation and multinational companies | What has driven globalisation, multinational companies and why they locate abroad, moving call centres overseas or bringing production home, and the threats and opportunities for UK businesses. | 14 |
| International branding and competition | International brands and adapting them for other countries, competing abroad on price and on other factors, e-commerce, exporting and importing, tariffs, and the value of the pound. | 14 |
How the guide is worked
Answering a question from memory stores it far better than reading the answer again. The guide runs that as a fixed procedure on one subtopic at a time, about twenty minutes a session.
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Step 1 · Closed book
Cover the answers. Work through one subtopic and write down what you can. Leave blanks where you have nothing.
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Step 2 · Open book
Go back to the top. Read each printed answer and write it out in full, including the ones you had right.
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Step 3 · Closed book again
Same questions, same order, from memory. The gap between pass one and pass three is the session result.
Read the full method, the return schedule and the research behind it.
Nearby topics
OCR GCSE Business Active Recall Guide
Every topic, not just this one. 582 questions with their answers.