OCR GCSE Business topic 6 Influences on business overview quiz quiz

To do only the bare minimum that the law itself actually requires of it

To make as much profit as possible whatever the cost to others

To do what is morally right, going beyond the minimum the law requires

To avoid paying any tax at all to the government

Making the most profit that is possible in the current trading year alone

Selling products only to the local customers who live nearby in the very same town area

Never changing the product or the way that it is made in any way at all

Meeting present needs without harming the ability of future generations to meet theirs

1,000

3,000

5,000

8,000

Makes imports cheaper and exports dearer

Makes imports dearer and exports cheaper

Has no effect on trade

Makes both imports and exports cheaper

It lowers the cost of all raw materials and the staff wages

It has no effect at all on any of the firm's costs

It raises the cost of raw materials, energy and wages

It guarantees the business higher profits every year

A business that only sells abroad from a home base

A business with more than 100 employees

A business that only trades online

A business that operates in more than one country

Tougher competition from foreign businesses in the UK market

Access to much larger customer markets abroad

Cheaper raw materials bought in from other countries

Economies of scale that are gained from selling many more units

Pay each worker whatever wage the business feels like paying them

Pay at least the national minimum or living wage and not discriminate

Employ only local people who happen to live within the same town as the firm

Avoid giving any written contracts of employment to its workers

Lower costs for the firm and a higher overall profit

An automatic and guaranteed increase in its total sales

Fines, compensation, legal action and reputational damage

No consequence at all for the business that breaks the law

It completely removes all competition from other businesses

It guarantees the firm the lowest possible costs for ever

It means the business never needs to arrange any deliveries to customers at all

It lets the business reach customers anywhere and trade around the clock

2 years

1 year

3 years

4 years

Customers and the suppliers who provide the raw materials to the firm

Owners (who want lower costs and higher profit) and employees (who want higher wages and job security)

The national government (which collects the firm's tax) and the local community living near the business site

Suppliers of raw materials and the national government department