Tag Archives: politics

Red Tape and Minimum Wage – GCSE Business Studies Revision


Minimum Before minimum wage was introduced in 1997, workers could be paid very low amounts! This meant employees would just get a job at wherever paid the most The minimum wage is the lowest amount a worker can be paid … Continue reading

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The European Union – GCSE Business Studies Revision


EU At the time of writing there are 27 countries in it, and 16 use the single currency (euro) I can’t be bothered to list them here, and I’m sure there won’t be a question asking you to list them … Continue reading

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Import Protection (International Trade) – GCSE Business Studies Revision


Income Differences The world’s income isn’t distributed evenly – some countries have much higher incomes than others Developed countries are those with high incomes Low to middle-income countries are called developing countries Developing countries often have no minimum wage Businesses from … Continue reading

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Pressure Groups and Acting Ethically – GCSE Business Studies Revision


Ethics is It’s to do with what’s right and what isn’t These ideas of right and wrong are often found in business situations Businesses like to appear ethical, to get a good reputation Some owners believe that being ethical increases costs … Continue reading

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Organisational Structuring – GCSE Business Studies Revision


A structure? That’s nice… The structure of a business can be shown by a diagram called an organisational chart They’re designed to show the following things: Chain of command: Who gets their orders from who, via whom? It’s the path instructions are … Continue reading

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