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    Section 6 - Mind Maps

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    quynhanhle15042003
    The document summarizes key topics in Cambridge IGCSE and O Level Business Studies including: 1) Economic objectives such as economic growth, low unemployment, and a healthy balance of payments. Economic policies like fiscal and monetary policies are used to achieve these objectives. 2) Environmental and ethical issues businesses face, such as positive and negative externalities of business activity. Pressure groups use methods like demonstrations and boycotts to raise awareness of issues. 3) Benefits and challenges of becoming a multinational company, and the impact of exchange rate changes on imports and exports. Multinationals can positively and negatively impact host countries through effects on infrastructure, employment, and competition.

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    Section 6 - Mind Maps

    Uploaded by

    quynhanhle15042003
    9 views5 pages
    The document summarizes key topics in Cambridge IGCSE and O Level Business Studies including: 1) Economic objectives such as economic growth, low unemployment, and a healthy balance of payments. Economic policies like fiscal and monetary policies are used to achieve these objectives. 2) Environmental and ethical issues businesses face, such as positive and negative externalities of business activity. Pressure groups use methods like demonstrations and boycotts to raise awareness of issues. 3) Benefits and challenges of becoming a multinational company, and the impact of exchange rate changes on imports and exports. Multinationals can positively and negatively impact host countries through effects on infrastructure, employment, and competition.

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    The document summarizes key topics in Cambridge IGCSE and O Level Business Studies including: 1) Economic objectives such as economic growth, low unemployment, and a healthy balance of payments. Economic policies like fiscal and monetary policies are used to achieve these objectives. 2) Environmental and ethical issues businesses face, such as positive and negative externalities of business activity. Pressure groups use methods like demonstrations and boycotts to raise awareness of issues. 3) Benefits and challenges of becoming a multinational company, and the impact of exchange rate changes on imports and exports. Multinationals can positively and negatively impact host countries through effects on infrastructure, employment, and competition.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    9 views5 pages

    Section 6 - Mind Maps

    Uploaded by

    quynhanhle15042003
    The document summarizes key topics in Cambridge IGCSE and O Level Business Studies including: 1) Economic objectives such as economic growth, low unemployment, and a healthy balance of payments. Economic policies like fiscal and monetary policies are used to achieve these objectives. 2) Environmental and ethical issues businesses face, such as positive and negative externalities of business activity. Pressure groups use methods like demonstrations and boycotts to raise awareness of issues. 3) Benefits and challenges of becoming a multinational company, and the impact of exchange rate changes on imports and exports. Multinationals can positively and negatively impact host countries through effects on infrastructure, employment, and competition.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Cambridge IGCSE and O Level Business Studies

    Section 6 – Mind maps


    Economic issues
    Economic objectives

    Economic
    objectives

    Economic Low Healthy balance


    Low inflation
    growth unemployment of payments

    Economic policies

    Economic
    policies

    Fiscal Monetary

    Government Government
    Interest rates
    income (taxation) spending

    Direct taxation Indirect taxation

    Income tax Corporation tax VAT


    Cambridge IGCSE and O Level Business Studies

    Environmental and ethical issues


    Impact of business activity on the environment

    Impact of
    business activity
    on the
    environment

    Positive Negative
    externalities externalities

    Social benefits Social costs

    Methods used by pressure groups

    Methods used by
    pressure groups

    Increasing awareness
    Demonstrations Boycotts Petitions Lobbying of issues through
    websites and media
    Cambridge IGCSE and O Level Business Studies

    Ethical issues faced by businesses

    Failing to tell
    customers about
    extra cost
    Finance

    Insider trading

    False
    advertising

    Providing
    unsafe
    Marketing products

    Not disclosing
    risks associated
    with products
    or services

    Ethical issues
    faced by Unequal pay
    businesses

    Child labour
    Human
    resources
    Sweatshops

    Discrimination
    against
    employees

    Dumping

    Illegal waste
    Operations
    disposal

    Exceeding
    pollution limits
    Cambridge IGCSE and O Level Business Studies

    Business and the international economy


    Characteristics of globalisation

    Characteristics of
    globalisation

    Process by which countries


    are connected with each
    other because of the trade
    of goods and services

    Growth in international Dependency on global Greater movement of Companies operating Brands recognised
    trade economy products, services, in more than worldwide
    money and people one country

    Benefits to a business of becoming a multinational company

    Easier access to
    raw materials

    Lower cost of
    labour

    Economies of
    scale

    Benefits of Access to bigger


    becoming an MNC markets

    Lower production
    costs

    Spread of risk

    Premium pricing
    Cambridge IGCSE and O Level Business Studies

    Impact on businesses of changes in the exchange rate

    Appreciation of Depreciation of
    exchange rate exchange rate

    Imports Imports become


    become cheaper more expensive

    Exports become Exports become


    more expensive cheaper
    overseas overseas

    Effect of multinationals on the host country

    Effect of MNCs on
    the host country

    Positive Negative

    Improves Environmental
    infrastructure damage

    Generates income Exploitation of


    in the form of tax labour

    Increased
    Increases
    competition for
    employment
    local companies

    Improves
    the country’s Social impact
    reputation

    Increases choice
    Exploitation of
    of goods and
    natural resources
    services

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