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Business in a Changing World (A2 Unit 4)

6 dot points across 6 inquiry questions. Click any dot point for a focused answer with worked past exam questions where available.

What causes change in business, and how do firms manage it and overcome resistance?

Causes, effects and management of change: internal and external causes of change, the effects on a business, managing change, and overcoming resistance to change.
A focused answer to the WJEC A-Level Business Unit 4 content on the causes, effects and management of change, covering internal and external drivers, the effects on a business, managing change, and overcoming resistance, with business examples.
13 min answer →

How do international trade, globalisation and multinationals shape business?

International trade, globalisation and multinationals: the reasons for and effects of international trade and globalisation, the role and impact of multinational corporations, and trade barriers and exchange rates.
A focused answer to the WJEC A-Level Business Unit 4 content on international trade, globalisation and multinationals, covering the reasons for and effects of trade and globalisation, the role and impact of multinational corporations, and trade barriers and exchange rates, with examples.
13 min answer →

How do legal, ethical and environmental factors affect business decisions and behaviour?

Legal, ethical and environmental factors: the main areas of business law, business ethics and corporate social responsibility, and environmental responsibility and sustainability.
A focused answer to the WJEC A-Level Business Unit 4 content on legal, ethical and environmental factors, covering the main areas of business law, business ethics and corporate social responsibility, and environmental responsibility and sustainability, with examples.
13 min answer →

How do political, economic, social and technological factors in the external environment affect a business?

PEST analysis: the political, economic, social and technological factors of the external environment, their effects on business, and the use of PEST to analyse opportunities and threats.
A focused answer to the WJEC A-Level Business Unit 4 content on PEST analysis, covering the political, economic, social and technological factors of the external environment, their effects on a business, and the use of PEST to identify opportunities and threats, with examples.
13 min answer →

How do businesses identify, assess and plan for risks and crises?

Risk management and contingency planning: identifying and assessing risks, the purpose and contents of contingency plans, and the benefits and limitations of planning for the unexpected.
A focused answer to the WJEC A-Level Business Unit 4 content on risk management and contingency planning, covering identifying and assessing risks, the purpose and contents of contingency plans, and the benefits and limitations of planning for crises, with business examples.
12 min answer →

How does the European Union and the UK's trading relationship with it affect British business?

The European Union and impacts on UK business: the single market and trading blocs, the effects of EU membership and of leaving on UK firms, and the implications of changing trade arrangements.
A focused answer to the WJEC A-Level Business Unit 4 content on the European Union and its impact on UK business, covering the single market and trading blocs, the effects of EU membership and of leaving on UK firms, and the implications of changing trade arrangements, with examples.
13 min answer →