Business · Topic revision workspace
Read the notes, score 80% and know 75% of the cards.
Topic overview
Technology, ethics, the economy, globalisation, legislation and competition create opportunities and constraints for business decisions.
Exam tip
Build a chain from the external change to a cost, revenue, demand or reputation effect, then to the objective.
Revision notes
Secure these ideas first. Say each definition in your own words, then connect it to the topic overview.
Revision notes
The exam will rarely ask for an isolated definition. Practise selecting the right idea and using it as part of a complete explanation or method.
Core knowledge
The percentage cost of borrowing or reward for saving.
The value of one currency measured in another currency.
A sustained rise in the general price level, reducing purchasing power.
Increasing economic connection between countries through trade, investment and communication.
Rivalry between businesses seeking the same customers.
Laws that create duties and constraints for business activity.
Active recall
Content reviewed 23 July 2026 against the current linked specification.
Mark the notes complete, then test what you can recall.