https://padlet.com/hamin5/s8uq9si397j1 Find out about the sub-section The impact, examples, what businesses can do. en-us 2018-10-15 20:11:40 UTC 2026-01-23 23:24:20 UTC hello@padlet.com https://padlet.com/hamin5/s8uq9si397j1/wish/293211705 2018-10-16 08:48:41 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/293211705 https://padlet.com/hamin5/s8uq9si397j1/wish/327690733 Employment law ]]> 2019-02-05 10:41:35 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/327690733 https://padlet.com/hamin5/s8uq9si397j1/wish/327690779 Competition policy: What the country puts in place to make domestic made goods competitive in foreign markets or its country's markets. (Subsidies, quoters or tariffs on imports).

Government spending is way to inject money into the economy without external interaction. The government can set up public industries or invest into privately owned markets this can be in the form of a subsidy ora grant which effectively reduces the costs to the business.]]> 2019-02-05 10:41:45 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/327690779 https://padlet.com/hamin5/s8uq9si397j1/wish/327690831

Economic factors include inflation rate, interest rates, foreign exchange rates, economic growth patterns etc. It also accounts for the FDI (foreign direct investment) depending on certain specific industries who are undergoing this analysis.

For example, a rise in the inflation rate of any economy would affect the way companies’ price their products and services. Adding to that, it would affect the purchasing power of a consumer and change demand/supply models for that economy. 

The state of the economy can determine how big of an impact these economic factors have as a strong economy may mean that consumer spending goes up as they will have more confidence but in a weak economy taxes may have to rise, therefore decreasing consumer spending and confidence.

]]> 2019-02-05 10:41:56 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/327690831 hamin5 https://padlet.com/hamin5/s8uq9si397j1/wish/327690901 2019-02-05 10:42:11 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/327690901 https://padlet.com/hamin5/s8uq9si397j1/wish/327690928 Pollution and carbon emissions
Business produce fossil fuels when transporting raw materials for example, this is because transportation burns petrol which emits many dangerous gases into the environment polluting it, this could be due to vans, lorries and also planes. Factories release carbon dioxide, methane and nitrous oxide. 

]]> 2019-02-05 10:42:18 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/327690928 https://padlet.com/hamin5/s8uq9si397j1/wish/327691610 Many businesses try to do their part for the environment such as being sustainable, using ethical sourcing such as using a supply chain and controlling pollution and carbon emissions they also think ethically when making decisions such as tax practices.
Ethical Sourcing: companies across the world have ethical sourcing policies which means they have to follow the guidelines of buying their products/ goods services are produced and delivered ethically. This can range from making sure the workers making a product for example are not underpayed and overworked. Also that they try to support small firms instead of large ones that perhaps need more work than others and business with ethnic minorities. 
To make sure that they are aware of each stage of their product/ service/ good being  made, businesses use supply chains.
An example of a business thatthis is Starbucks. Starbucks makes sure that 100% of their coffee is ethically sourced while also protecting the environment by using reusable cups which lessens the amount of Carbon Emissions being released which makes global warming worse.]]> 2019-02-05 10:44:47 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/327691610 https://padlet.com/hamin5/s8uq9si397j1/wish/327691703 2019-02-05 10:45:07 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/327691703 https://padlet.com/hamin5/s8uq9si397j1/wish/327692124 Trends such as these mainly relate to everyday lifestyle: 
- greater awareness of the need to eat healthy 
- changed attitudes to smoking 
- an increased desire for convenience and speed of service 
- an ageing population 
Some business aren’t a able to keep with the changing social factors so their products become less desirable, but for some businesses this social change is an opportunity to develop and bring out new products and different models such as electric cars or Fitbit watches. 
https://www.theguardian.com/food/2019/jan/27/the-trouble-with-fake-meat-beetroot-burgers-food-substitutes]]> 2019-02-05 10:46:42 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/327692124 https://padlet.com/hamin5/s8uq9si397j1/wish/327692565 Sustainability
Sustainability is the ability to be maintained at a certain rate or level. The business can predict change in this by looking at all the external factors. For example they should look at exchange rates and the prices of products in other countries. This business could be using sustainable methods of energy to power the factories such as solar energy or wind energy

]]> 2019-02-05 10:48:05 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/327692565 bendobbing36 https://padlet.com/hamin5/s8uq9si397j1/wish/327695448 Demographics breaks down population data and this may take into account average age, dependency ratios, birth rates etc.]]> 2019-02-05 10:58:23 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/327695448 https://padlet.com/hamin5/s8uq9si397j1/wish/327695613 2019-02-05 10:59:01 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/327695613 https://padlet.com/hamin5/s8uq9si397j1/wish/327695872 2019-02-05 11:00:03 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/327695872 bendobbing36 https://padlet.com/hamin5/s8uq9si397j1/wish/327697119 Pressure groups are essentially organisations set up to try and influence the way consumers view a business and its environmental impacts. This can cause some businesses to make losses if customers agree with the pressure groups, this can further lead to boycotts and lower footfall for the business. ]]> 2019-02-05 11:05:17 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/327697119 https://padlet.com/hamin5/s8uq9si397j1/wish/327697671 2019-02-05 11:07:53 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/327697671 https://padlet.com/hamin5/s8uq9si397j1/wish/327698126 2019-02-05 11:09:09 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/327698126 https://padlet.com/hamin5/s8uq9si397j1/wish/328130536 www.bbc.co.uk/news/amp/business-47115732]]> 2019-02-06 07:46:02 UTC https://padlet.com/hamin5/s8uq9si397j1/wish/328130536