A Level Business Revision
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Topic 2.5

External influences

Explore how changes outside a business affect its decisions. Interpret inflation, exchange-rate, interest-rate and business-cycle data, separating effects on costs from effects on demand. Then assess legislation, competition and market size in context.

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2.5.1

Economic influences

96 min

Inflation and the Consumer Prices Index, exchange rates, interest rates, taxation and government spending, the business cycle and economic uncertainty.

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2.5.2

Legislation

18 min

Consumer, employee and environmental protection, health and safety, the national minimum wage and competition policy, and the costs and benefits of compliance.

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