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Political and legal change key terms
Study Political and legal change with curriculum-aligned Key Terms resources, practice links, and exam-focused support.
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key terms
Resource type
Topic
Political and legal change
Key terms
business change
business change is a Business concept used to analyse Analyse the impact of political and legal change on strategic and functional decision making.. A strong answer defines it, applies it to a named business context and explains the commercial consequence.
Political and legal environment
Political and legal environment should be judged by linking it to objectives such as profit, survival, growth, competitiveness, efficiency or customer satisfaction.
analyse
analyse affects stakeholders differently, so analysis should consider owners, managers, employees, customers, suppliers or investors before reaching a judgement.
impact
impact has a financial impact when it changes costs, revenue, profit, cash flow, investment return, break-even output or ratio interpretation.
political
political becomes evaluative when advantages, disadvantages, risk, opportunity cost and business context are weighed rather than listed separately.
business change
business change is a Business concept used to analyse Explain effects of laws and policy related to competition, labour markets, environmental legislation, enterprise, regulators, infrastructure and international trade.. A strong answer defines it, applies it to a named business context and explains the commercial consequence.
Political and legal environment
Political and legal environment should be judged by linking it to objectives such as profit, survival, growth, competitiveness, efficiency or customer satisfaction.
legislation
legislation affects stakeholders differently, so analysis should consider owners, managers, employees, customers, suppliers or investors before reaching a judgement.
business change decision
business change decision has a financial impact when it changes costs, revenue, profit, cash flow, investment return, break-even output or ratio interpretation.
business change stakeholder impact
business change stakeholder impact becomes evaluative when advantages, disadvantages, risk, opportunity cost and business context are weighed rather than listed separately.
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