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Economic influences: the outside forces firms must respond to

Economic influences: the outside forces firms must respond to

Summary diagram showing six economic influences feeding into costs and demand, then into revenue, profit, cash flow and investment for a business Economic influences are external changes in the economy that firms cannot control directly, but they can respond to them. Managers track them because they shape costs, demand, profit, cash flow and investment decisions.

Economic influences Lesson

  1. A Level
  2. /Business
  3. /Economic influences

Step-by-step lessons on Edexcel A Level Business Economic influences. Each one builds up to exam-style questions. Build up your knowledge of the core business functions first, then focus revision time on the strategy and evaluation-heavy topics, since these carry the most marks.

Lessons