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Mindmap von lauren.chenery3927, aktualisiert more than 1 year ago
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Erstellt von lauren.chenery3927
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Business studies Unit1
- How do business cycles affect small businesses? understand that economic activity tends to rise and fall and
that changes in the level of economic activity can have serious effects on small businesses
- What effect do business decisions have on stakeholders? that stakeholders are those groups or individuals
with an interest in a business recognise that business decisions have different effects on different
stakeholders and the problems a business may face in meeting the demands of all stakeholders
- Market demand and supply: the prices of commodity markets are determined by the balance between supply
and demand the difference between commodity markets and normal markets the effect on small firms of price
changes in raw materials and energy costs
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