An online retailer introduces one-click payments. Sales rise, but chargeback fees and fraud-monitoring costs also rise. Which conclusion is most accurate?
Technology may improve convenience and sales while also creating additional costs and risks
Digital payment systems increase sales without affecting any other part of the business or its costs
Higher sales prove that payment security is unnecessary
Transaction fees are a form of government taxation
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.