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Edexcel IGCSE Business Studies 1.7 external factors

Practise external factors by using case evidence, environmental data and business aims to explain or justify business decisions.

Syllabus
First assessment 2019
Course
Business Studies 4BS1

Exam points

  • Analyse how external factors change demand, costs or operational choices in a case.
  • Calculate changes in environmental data such as fuel use, emissions or reductions.
  • Apply environmental or political evidence to explain a business decision.

Covered syllabus points

1.7.1 External factors affecting business decisions

1.7 External factors 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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