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Business in a Changing World (A2 Unit 4)
Quick questions on The European Union and UK business - WJEC A-Level Business
4short 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 the effects of EU membership on UK business?Show answer
Membership of the single market brings clear benefits to UK firms:
What are the implications of changing trade arrangements?Show answer
The crucial exam point is that the impact varies by firm: a business heavily reliant on exporting to or importing from the EU, or on EU labour, is far more exposed to new barriers than a purely domestic firm, while a firm seeking new global markets might gain from new trade deals. The net effect depends on the specific arrangements (how much access is retained and what barriers arise).
What is q1?Show answer
Define the term trading bloc. [2 marks]
What is q2?Show answer
Explain one way new tariffs or customs barriers could affect a UK firm that exports to the EU. [3 marks]
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