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EnglandBusinessQuick questions

6. Influences on business

Quick questions on The economic climate and interest rates - OCR GCSE Business

2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is q1?
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State one effect of high unemployment on a business selling luxury goods. [1 mark]
What is q2?
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A business has a 100,000100{,}000 loan. Interest rises from 5%5\% to 7%7\%. Calculate the extra annual interest.

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