External environment

The Business Cycle

Economic growth is measured by changes in the size of a nation’s income. There are a variety...

PEST analysis

Before creating business plans or making decisions, it is important to 'scan' the external environment. This can...

Planned, market and mixed economies

Market, planned and mixed economiesThree main sets of decisions need to be made by the economic system...

International issues

The international environment is very important today. Globalisation, the process whereby businesses develop worldwide brands and products...

International trade

For centuries Britain has been a country that relies on international trade. We purchase goods and services...

How businesses are affected by international competitors

In the modern world, businesses are increasingly affected by the actions of international competitors as a result...

Multinational business

A multinational company is one that operates in more than one country, and typically operates in a...

Government and EU influences on business activity

Our national government as well as the European Union play a big part in influencing business activity...

Legislation

Legislation is the process of making laws. This is done through Acts of Parliament, and 'rules', 'regulations'...

Globalisation

Globalisation is a result of the world becoming increasingly interconnected due to the hugely increased trade and cultural exchange....

Influences on businesses

Businesses operate in an external environment in which as well as competition from rivals businesses have to...

External influences

Businesses operate in an external environment in which as well as competition from rivals businesses have to...

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