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EDEXCEL A-LEVEL BUSINESS: THEME 3 EXAM QUESTIONS AND ANSWERS 100% CORRECT!!

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Social - ANSWER - Demographics - Cultural trends - Income distribution - Consumer behaviour technological - ANSWER - Advancements in technology - Automation - Cyber security - Legal - ANSWER - Regulations - Employment law - Intellectual property (patents) - Health and safety - Environmental laws Environmental - ANSWER - Climate change - Regulation of emissions - Natural resources - Natural disasters - World health Reasons for growth - ANSWER achieve economies of scale economies of scale - ANSWER when a business grows, its average per unit costs decrease - bulk buying - bulk discounts Problems with growth - ANSWER Diseconomies of scale, internal communication, overtrading Takeover - ANSWER one business acquires control of another business TAKEOVER QUESTION GENERAL FORMULA - ANSWER Positive - Diversification: spreads risks - Economies of scale: cost per unit decreases - Increased Market Share Negative - High Cost - fails? - Lack of experience - Diseconomies of scale - Cultural clash

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EDEXCEL A-LEVEL BUSINESS: THEME 3
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  • economic
  • edexcel a level business theme 3 exam questions a
  • edexcel a level business theme 3 exam questions
  • edexcel a level business theme 3 exam stuvia
  • pestle answer political economic social techn
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