Candidates are required to apply their understanding to a variety of simple business situations and should be able to make simple decisions based upon the analysis and evaluation of information provided.
|Economic issues||Business cycle;|
How government control over the economy affects business activity and how businesses may respond.
|Environmental and ethical issues||Environmental concerns and ethical issues as both opportunities and constraints for businesses;|
|Business and the international economy||The importance of globalisation;|
Reasons for the importance and growth of multinational companies (MNCs);
The impact of exchange rate changes.