Influences on Business – Economic climate, legislation, tech
Business studies
high_school
10 questions
~20 mins
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A comprehensive Business Studies worksheet on Influences on Business – Economic climate, legislation, tech for high school students. Includes a variety of question types including multiple choice, short answer, and true/false questions.
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Influences on Business – Economic climate, legislation, tech
Subject: Business studiesGrade: high_school
Name:
Date:
Influences on Business – Economic climate, legislation, tech
Business Studies
Instructions: Read each question carefully and provide your answers in the space provided. For multiple choice questions, circle the correct option. For short answer questions, write your response clearly. True/false questions require you to indicate if the statement is true or false.
A
Multiple Choice Questions
Select the correct answer for each question.
1.
Which of the following is NOT a component of PESTLE analysis?
AA) Political
BB) Economic
CC) Social
DD) Financial
2.
How does a recession typically affect businesses?
AA) Increased consumer spending
BB) Decreased consumer spending
CC) Increased investment
DD) Higher employment rates
3.
Which legislation primarily protects consumer rights in the UK?
AA) Employment Rights Act
BB) Consumer Rights Act
CC) Data Protection Act
DD) Companies Act
4.
What is one way technology can influence business operations?
AA) Increasing manual labour
BB) Automating processes
CC) Reducing online presence
DD) Limiting communication
5.
Which of the following is a potential positive effect of legislation on businesses?
AA) Increased compliance costs
BB) Improved public trust
CC) Decreased competition
DD) Higher employee turnover
6.
Which technological advancement has had the greatest impact on marketing?
AA) Print media
BB) Social media
CC) Radio advertising
DD) Billboards
7.
What does the 'E' in PESTLE stand for?
AA) Economic
BB) Employment
CC) Environment
DD) Equity
8.
Which of the following is an example of a technological influence on business?
AA) Tax legislation
BB) Digital marketing
CC) Minimum wage laws
DD) Trade tariffs
9.
What is one way businesses can respond to changes in the economic climate?
AA) Ignore market trends
BB) Increase prices regardless of demand
CC) Diversify product offerings
DD) Reduce customer service
10.
Which type of legislation affects how businesses handle employee data?
AA) Health and Safety Act
BB) Data Protection Act
CC) Employment Rights Act
DD) Companies Act
B
True/False Questions
Circle True or False for each statement.
1.
The technological environment has no impact on how businesses operate.
2.
Legislation can create both opportunities and challenges for businesses.
3.
Economic recessions always lead to business failures.
C
Short Answer Questions
Answer each question in the space provided.
1.
Define the term 'economic climate'.
2.
List three examples of how businesses can adapt to technological changes.
3.
What is the purpose of conducting a PESTLE analysis?
4.
Describe one negative impact of legislation on businesses.
5.
How can businesses use economic indicators to make decisions?
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- Created
- 4/14/2025
- Updated
- 12/29/2025
- Type
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