igcse business chp. 13 keywords – political, economic, social, technological, legal, environmental...

IGCSE Business Chp. 13

Keywords – Political, economic, social, technological, legal, environmental

• Class : Y10

• Lesson Topic: Business and the Environment

• Scheme of Work: External Influences

Tell me three things...

about the topic we are studying.Or,

you learnt in the last lesson.

STARTER

Questions you would like to ask

Today we will begin studying ____________. What are the questions you would like answered.

Noun Play

_________ is like (a) ________ because….

First blank is for the topic, concept etc.Second blank is for the random noun.

e.g. Communication is like driving because…

CONNECTIVES for AnalysisCONNECTIVES for ApplicationCONNECTIVES for Evaluation

COMPARINGEqually…As with…Like…In the same way…Similarly…Even so…Likewise…CAUSE & EFFECT

Consequently… Due to…As a result… Therefore..Because of… Because…

CONCLUDINGFirstly… After…Secondly… Before…Overall… I believe…Finally… I think …In conclusion… it depends…To conclude… short term…Meanwhile… Long term…

CONTRASTINGAlthough… Except…Moreover… If…However… Yet…Apart from… Unless…Despite… As long as…

EMPHASISINGMost importantly…Significantly…Notably…Especially…Above all…In particular…Indeed…

QUALIFYINGDespite… Yet…As long as… Unless…Apart from… If…Moreover… Except…However… Although…

ADDINGIn addition… And…Too… Also…Additionally… As well as…Furthermore…

ILLUSTRATINGFor instance… Such as…In the case of… So…For example…As revealed by…As illustrated by…

External Factors affecting business Political

Economic

Social

Technical

Environmental

Political • Government legislation affects business

• New laws and regulations (red tape) affect business costs

• E.g. Minimum wage, Health & Safety rules.

Economic • The economic

growth is always changing.

• Peak = high growth, high demand

• Trough = low growth, low demand.

How does the economy affect business Video

• What happens during a recession?

• How are businesses affected?

Social • Society is always changing. Ethics means doing the right thing.

Businesses nowadays are concerned with recycling and child labour.

• Also changing is,

• Population growth

• Demographic changes (women at work)

• Healthy lifestyles (less demand for sugary drinks)

Technological

• Technology massively impacts business efficiency and costs.

• Wireless Internet improves communication in tertiary sector

• Machinery improves primary sector production

• How is John Lewis in Stevenage affected by technology? – BBC New Technology Video

Legal • Similar to political,

• New rules and regulations impact a business cost and therefore profits.

• E.g. U.K following EU regulations.

• How is online opticians affected by legislation? – (BBC Legislation video)

Environment

• Business concerned with recycling and improving environment.

• Customers want sustainable production meaning less damage on environment.

• Global Warming is seen as danger to environment, businesses must act to keep customers.