A manufacturer can cut emissions by installing costly equipment. Owners want higher short-term profit, while residents want cleaner air. Which response is most appropriate?
Ignore residents because only owners can affect the business
Install the equipment because community objectives always override survival
Reject the equipment because environmental action can never benefit business sales, costs or reputation
Compare the cost with legal, reputational and long-term community impacts before deciding
37 exam-style questions on Edexcel GCSE Business 1.5 Understanding external influences on business, covering 1.5.1a Business stakeholders and their objectives, 1.5.1b How stakeholders and businesses affect each other, 1.5.1c Conflicts between stakeholder groups, 1.5.2a Types of technology used by business, 1.5.2b How technology influences business activity, 1.5.3a Principles of consumer law, 1.5.3b Principles of employment law, 1.5.3c The cost impact of legislation, 1.5.3d Consequences of meeting legal obligations, 1.5.4 The economy and business, and 1.5.5 External influences. Each one has a worked solution and a mark scheme showing where the marks go.