The Business Environment
This topic looks at the environment in which all businesses operate and make their decisions.
It focuses on the reliance of all businesses on each other and the implication of this for the way they operate.
Click on the areas below to learn more:
Topics
- Factors affecting business
- External costs and benefits
- Wants, needs and opportunity cost
- Planned, market and mixed economies
- Industry and location
- Business cycle
- E-commerce
- Interest rates, unemployment and inflation
- PESTEL analysis
- European Union and exchange rates