Revision notes
Understanding External Influences on Business
How stakeholders, the economy and other outside forces affect a business, and how businesses respond to them.
- Section 1Business stakeholdersStakeholdersStakeholder objectivesHow stakeholders are affected by business activityStakeholder influence and powerStakeholder conflict7 notes 11 min readStart reading
- Section 2The economy and businessThe economic climateEconomic growth and recessionUnemploymentConsumer incomeInflation8 notes 11 min readStart reading
- Section 3External influencesExternal influencesPossible responses to external influencesEvaluating responses to external influencesResponding to changes in the economic climate4 notes 6 min readStart reading