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13 Cards in this Set
- Front
- Back
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What does spiced mean |
Strong Pound Imports Cheaper Exports Dearer |
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What does wpidec mean |
Weak Pound Imports Dearer Exports Cheaper |
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What is minimum wage |
The minimum a employee has to be paid. |
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What does exchange rate mean |
How much one currency is worth compared to another |
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What is the formula to get to an exchange rate |
Amount of money X the exchange rate |
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What is the formula to get back from and exchange rate |
Amount ÷ exchange rate . |
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What is an electronic payment system |
A system where you can pay online e.g PayPal |
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How has technology affected businesses |
It gives business new ideas to use for new businesses |
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What is unemployment |
When you don't have a job but are looking for a job |
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How unemployment rates effect a business |
When unemployment is high you might have to lower prices |
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What is the definition for interest rates |
The money you get for saving and the money you pay for getting loans |
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How can high consumer income affect a business |
The can make prices higher and keep demand. |
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How can high intest rates affect a business |
People might have heavy debt |
