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Influences on Business

5 dot points across 5 inquiry questions. Click any dot point for a focused answer with worked past exam questions where available.

How do ethics and the environment affect business decisions, and is doing the right thing worth it?

Ethical and environmental considerations: business ethics, the trade-off between ethics and profit, environmental and sustainability issues, the impact of business on the environment, and the costs and benefits of being ethical and sustainable.
A focused answer to the WJEC GCSE Business content on ethical and environmental considerations, covering business ethics, the ethics-profit trade-off, sustainability, the impact of business on the environment, and the costs and benefits of acting responsibly.
12 min answer →

How does global trade affect businesses, and what are the chances and risks of going international?

Globalisation and international trade: the meaning of globalisation, imports and exports, the role of multinationals, the opportunities and threats of trading internationally, and the impact of globalisation on businesses and Wales.
A focused answer to the WJEC GCSE Business content on globalisation and international trade, covering the meaning of globalisation, imports and exports, multinationals, the opportunities and threats of trading abroad, and the impact on businesses and Wales.
12 min answer →

What laws must businesses follow, and how does legislation affect them?

Legislation and the business environment: consumer protection law, employment law, health and safety law, the reasons for legislation, and the impact of laws on how a business operates.
A focused answer to the WJEC GCSE Business content on legislation, covering consumer protection law, employment law, health and safety law, the reasons for legislation, and how laws affect the way a business operates.
12 min answer →

How has technology changed the way businesses operate, and what are the costs of keeping up?

Technology and business: the impact of technology on production, communication and selling, automation and e-commerce, the benefits and drawbacks of new technology, and how technology affects jobs and the way a business operates.
A focused answer to the WJEC GCSE Business content on technology and business, covering the impact of technology on production, communication and selling, automation and e-commerce, the benefits and drawbacks of new technology, and its effect on jobs.
12 min answer →

How do changes in the economy affect businesses?

The economic climate: how interest rates, inflation, unemployment, taxation and exchange rates affect businesses, the business cycle of boom and recession, and how businesses respond to economic change.
A focused answer to the WJEC GCSE Business content on the economic climate, covering how interest rates, inflation, unemployment, taxation and exchange rates affect businesses, the business cycle, and how firms respond to economic change.
13 min answer →