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Edexcel IGCSE Business Studies 1.7.1 external factors and decisions

Practise external factor questions by calculating data changes, analysing demand or cost effects and justifying decisions with case evidence.

Syllabus
First assessment 2019
Course
Business Studies 4BS1

Exam points

  • Calculate percentage or absolute changes from environmental performance data.
  • Analyse how social or technological changes affect demand and business costs.
  • Justify a decision by weighing case evidence such as costs, image and demand.

1.7.1 External factors affecting business decisions question 1

[Maximum number: 1]

Artify Studio was set up in 2015 by Tay Hui Jae in the busy Kampong Glam area of Singapore. Artify Studio's aim is to have 'a communal art space where people can come together and paint, where people would be given as much creative freedom as they would have if they were in their own spaces.'

Artify Studio provides many services including its popular Liberty Art Jam where customers can paint as well as listen to music. The studio offers a Corporate Art Jam and Regular Kids Classes. Customers can purchase art materials after attending the studio.

Artify Studio is a profit-making organisation with a social element. It employs seven part-time people, all of whom are art enthusiasts.

Which one of the following is a political factor that can affect a business?

Select one answer.

A

Taxation

B

Global warming

C

Habitat destruction

D

Part-time workers

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