Exam/Course Content Expand All PEOPLE IN BUSINESS BUSINESS ACTIVITIES AND INFLUENCE ON BUSINESS 15 Topics | 6 Exam Papers Expand Lesson Content 0% Complete 0/15 Steps WHAT IS BUSINESS ACTIVITY? BUSINESS OBJECTIVES SOLE TRADERS,PARTNERSHIPS,SOCIAL ENTERPRISES AND FRANCHISES LIMITED COMPANIES AND MULTINATIONAL PUBLIC CORPORATION APPROPRIATENESS OF DIFFERENT FORMS OF OWNERSHIP CLASSIFICATION OF BUSINESSES DECISIONS ON LOCATION GLOBALISATION IMPORTANCE AND GROWTH OF MULTINATIONAL COMPANIES INTERNATIONAL TRADE AND EXCHANGE RATES GOVERNMENT OBJECTIVES AND POLICIES EXTERNAL FACTORS MEASURING SUCCESS IN BUSINESS REASONS FOR NUSINESS FAILURE a. state one non-financial aim of a business (1) b. State one way of measuring the success of a business. (1) c. Explain one way in which a fall in the exchange rate might affect a business. (3) d. Explain one disadvantage of operating as a sole trader. (3) e. Ismail read in a newspaper that interest rates in Bahrain were likely to rise in 2017. Explain one possible effect on a business of an increase in interest rates. (3) f. In 2017, Ismail was informed that his rent in the shopping mall would double. As a result of the news, Ismail was considering to options: Option 1: Move his shop to a Bahraini side street where rent is very cheap. Option 2: Cease trading from a shop and set up an online business selling jewellery. Justify which one of these two options Ismail Should choose. (9) BUSINESS FINANCE MARKETING BUSINESS OPERATION abc
