2578940
Description
Mind Map by Mac Winstanley, updated more than 1 year ago
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Created by Mac Winstanley
about 11 years ago
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unit 1.5
- price of commodity depends
on supply and demand
- interest rates
is the ammount
added if you
borrow money
or get a
morgage
- the bank of england controls
interest rates
- everyone pays interest rates
- the difference between a
commodity and a market is
that acommodity is where a
product is sold based on the
price whereas a market is
based upon quantity
- demand and supply determines exchange rates
- rules to work out exchange
rates - when going from
pounds to euros you have to
multoply but when you
convert foreign to pounds you
have to divide
- shareholder facts:
people might be able
to influence what a
business does - some
stakeholders have
more influence than
others
- stakeholders
of selby high -
la, govoners,
senior
leadership,
heads of
houses and
partnership
schools
- examples of stakeholders: LARGE
business's: shareholders, preasure
groups, government SMALL business's:
workers, local community, managers
- an internal stakeholder is
people who work for the
business. an external
stakeholder is people who
dont directly work in the
business
- a primary stakeholder is people
who can help the business eg
owners, employees and
customers. a secondary
stakeholder is people hwo see
themselves as stakeholders even
if the business doesn't eg
government, pressure groups
and local residents
- keywords
- supply - it is the
amount of what
something is
- demand - how
much people want
the product
- markets - the buying
and selling of goods
- commodities - based on
the price you can sell it for
not the quantity
- interest rates - the
amount you pay for
borrowing money
- exchange rates -
the exchange of
one currency to
another
- recession - where
demand is low for jobs
and money
- stakeholder -
someone who can
influence a business
- supply and demand - the
amount people want at the
demand they want it
- commodity
markets - a market
where products
are sold based on
quantity
- goods
markets -
where goods
are sold
- supply - it is the
amount of what
something is
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