Business Studies Pearson Edexcel GCSE Topic 2.1 Questions & Answers
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Business Studies Pearson
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Business Studies Pearson
Explain one advantage to a business of improving its environmental sustainability in terms of ethicality (3) - ANSWERSThis may make the business appear more ethical (1). This may reduce pressure group activity (1). Therefore, the brand image of the business may improve (1)
Explain one advantage ...
Business Studies Pearson Edexcel
GCSE Topic 2.1 Questions & Answers
Explain one advantage to a business of improving its environmental sustainability in
terms of ethicality (3) - ANSWERSThis may make the business appear more ethical (1).
This may reduce pressure group activity (1). Therefore, the brand image of the business
may improve (1)
Explain one advantage to a business of improving its environmental sustainability in
terms of fines (3) - ANSWERSIt is now less likely that the business will have to pay
fines to the government for polluting the environment (1). As a result, the costs of the
business may go down (1). This may make the business more competitive (1)
Explain one impact that EU import protection might have on Jack Wills (3) -
ANSWERSImposition of import protection controls such as tariffs will make importing
hoodies more expensive (1). Therefore, unit costs will increase (1). As a result, the profit
on each Jack Wills' hoodie will go down (1)
Explain one possible advantage to Ed's Easy Diner from having 'expanded rapidly' (3) -
ANSWERSWorkers will now know what they have to do in their work (1). This will lead
to them becoming more motivated (1), therefore productivity will increase (1)
Some of the products the Co-op buys from countries outside the EU are subject to
import protection, such as tariffs. Describe one effect import protection might have on
the Co-op (3) - ANSWERSAn import quota reduces the amount of food the Co-op will
be able to purchase (1) this would lead to an increase in the price (1). This causes the
costs of the Co-op to increase reducing their profit margin (1)
Explain one benefit to the Co-op of being an ethical business (3) - ANSWERSBecoming
an ethical business will improve the Co-op's brand (1), this will allow it to charge more
for its products (1), this is because consumers will be willing to pay more for food like
coffee that does not exploit people in LEDCs (1)
Give disadvantage to the Co-op of being an ethical business (6) - ANSWERSFalling
profits (1). By improving its reputation for ethics, the Co-op may have to pay more for its
supplies of food (1) this will mean that its total costs will rise (1). It may not be able to
recoup this by increasing the price of its food (1), so profits decrease, which means less
can be reinvested (1). This gives it a competitive disadvantage (1)
Explain one way in which a business, such as Tesco, might be affected by a successful
pressure group campaign (3) - ANSWERSA pressure group campaign could reduce
Tesco's revenues (1). This is because the pressure group will raise awareness of
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