External environment
Understand the business studies curriculum with our revision theory pages that help you learn the external environment topics for your exams.
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...