Quiz: External Factors Affecting Accounts (Demand and Inflation)
WJEC Eduqas GCE A LEVEL in BUSINESS specification
Ready to start this lesson?
Sign in to track your progress. 11 steps including 9 interactive questions.
Sign In to Start Learning
Students also studied
Browse allSteps in this lesson (11)
Building on what you've learned about analysing accounts, let's test your knowledge of how external factors like demand and inflation can impact them!
Which of the following is MOST likely to increase consumer demand for a product?
Start the lesson to answer this multiple choice question
Which of the following are effects of inflation on businesses? (Select all that apply)
Start the lesson to answer this multi-select question
Inflation refers to the {{blank0}} increase in the {{blank1}} level of prices in an economy.
Start the lesson to answer this fill in the blank question
Match the items on the left with their correct pairs on the right
Start the lesson to answer this matching question
If a product's price increases from £50 to £55 due to inflation, what is the percentage increase?
Start the lesson to answer this math equation question
What happens to the real value of money during periods of high inflation?
Start the lesson to answer this multiple choice question
Match the items on the left with their correct pairs on the right
Which type of inflation is caused by a rise in wages and production costs?
Start the lesson to answer this multiple choice question
Which factors can reduce consumer demand for a product? (Select all that apply)
Start the lesson to answer this multi-select question
Demand tends to fall when {{blank0}} rates are high because borrowing becomes more {{blank1}}.
Start the lesson to answer this fill in the blank question
Want to Learn More?
Get personalised lessons, quizzes, and instant feedback from your AI tutor.
Explore More Topics