iGCSE Business Studies: External influences on business activity

Universities and employers recognize the educational value of the Cambridge IGCSE Business Studies, accepting it as proof of understanding business concepts and skills. This section focuses on different external influences on business activity and how these impact a business. It includes government influences on economic, environmental, and ethical issues and how they affect the functional areas of companies. In addition, the international economy, including globalization and its effects on businesses and governments, multinational businesses, and exchange rates are essential issues. Legal constraints are an external influence to be considered, but these influences are covered in the relevant functional areas above and in this last section.