ILO:
a) The effect on businesses of changes in:
o inflation (the rate of inflation, the Consumer Prices Index)
o exchange rates (appreciation, depreciation)
o interest rates
o taxation and government spending
o the business cycle
b) The effect of economic uncertainty on the business environment
a) The effect on businesses of changes in:
o inflation (the rate of inflation, the Consumer Prices Index)
o exchange rates (appreciation, depreciation)
o interest rates
o taxation and government spending
o the business cycle
b) The effect of economic uncertainty on the business environment
Inflation
|
Watch the theory video and make notes.
Inflation and Business
|
Assess the impact of inflation on Chinese businesses? (10/12 marks)
China's inflation soars in November amid rise in pork prices
|
Assess how a business can respond to the level of inflation observed in Venezuela? (10/12 marks)
Venezuelan businesses battle hyperinflation | Money Talks
|
Exchange Rates
|
Watch the theory video and make notes.
Business Maths - Exchange Rates
|
Assess how a depreciation in the pound will impact UK firms? (10/12 marks)
How a weak sterling will hit UK households | FT World
|
Assess how effective reducing product sizes is as a strategy in response to imported inflation?
Shrinkflation: Are Our Favourite Products Shrinking? | This Morning
|
Interest Rates |
|
Watch the theory video and make notes.
Impact of Interest Rate Changes on Consumers & Producers
|
Assess how beneficial the cut to interest rates will be for businesses? (10/12 marks)
Bank of England cuts bank rate to 0.1%
|
Taxation & Government Spending
|
Watch the theory video. How does Government spending help businesses?
How the government spends your money | BBC Newsbeat
|
Explain how the different types of tax impacts businesses?
Tax Facts: About HMRC
|
Assess how significant an increase in tax would be on the gambling industry? (10/12 marks)
Gambling Tax Rise In Great Britain Who Will Be The Winners And Losers?
|
Case study
Assess the impact of the new apprenticeship levy for large UK firms like Tesco's?(10/12 marks)
|
Employers Guide to the apprenticeship levy
|
Apprenticeship Levy is 'just another tax' on UK businesses
|
Josh – Apprentice at Tesco
|
Business Cycle
|
What do you think is meant by the business cycle?
How is it related to YED? |
Watch the theory video and make notes.
A level Business Revision - The Business Cycle
|
|
Explain how the financial crisis impacted businesses?
How can a business protect itself from a downturn? The financial crisis: a decade of debt | PunkFT
|
Assess the opportunity for UK business from China's GDP growth? (10/12 marks)
Related article: Ikea gets its China formula right helping boost sales Luxury Shopping in China With No Limit - Ep. 6 | The Bling Dynasty | GQ
|
Economic Uncertainty
|
Explain the problems caused by economic uncertainty?
Coronavirus: Stock market suffers worst week since 2008 crash – BBC Newsnight
|
What can a business do to reduce the threat of uncertainty?
Business, Brexit and the case of no deal - BBC Newsnight
|
