Chapter 17, Political, Social and ethical factors Flashcards Preview

Business - External Influences > Chapter 17, Political, Social and ethical factors > Flashcards

Flashcards in Chapter 17, Political, Social and ethical factors Deck (7)
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1
Q

Main changes made by the single European market legislation

A
  • freedom of movement of all EU citizens
  • free movement of capital within the EU
  • consistent regulations and standards
  • harmonization of tariff and tax rules
2
Q

Fiscal Policy

A

the use of government spending and taxation through the government’s annual budget to influence the level of demand in the economy

3
Q

The competition and MArkets authority

A

CMA the government organization that makes markets work well for consumers

4
Q

effects political factors can have on a business

A
  • Marketing: the way a product is portrayed or advertised
  • Financial: recession
  • People: policies of employment
5
Q

Social Issues

A
  • Demographic changes
  • Changes in age of population
  • Ethnic diversity
  • Changes in patterns of employment
  • Technology
  • Agency Work]
6
Q

effects social factors can have on a business

A
  • Marketing: age or income changes marketing audience
  • Financial: social habits
  • People: increase in part-time working
7
Q

Ethical issues

A
  • Environment and ethical issues
  • Charity and fundraising
  • Diversity
  • Financial responsibility