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Responding to external factors · Part 3 of 5
6 exam-style questions with model answers, plus 10 quick multi-choice questions — every question on this part of the standard, grouped by the 2 pages of notes they come from.
Write a full answer before you reveal the model one. That comparison is where the learning happens.
Identify a demographic change affecting New Zealand and explain why it may have an impact on a business's sales.
Fully explain how an ageing population could affect a large New Zealand business's production, and how the business could respond.
A large New Zealand food retailer sees its traditional customer base ageing while the surrounding area becomes more ethnically diverse.
Referring to sales revenue and brand reputation, justify, with TWO reasons, whether it should adapt its existing stores to serve the new local population, or relocate to a suburb matching its current customers.
Explain what is meant by societal expectations of business activity, and give an example.
Explain ONE potential challenge or cost a business might face when demonstrating that it meets societal expectations, and how this could impact the business.
A large New Zealand exporter discovers that a long-standing overseas supplier's labour conditions fall short of what its customers would expect, although they meet local law in that country.
Referring to brand reputation and supply reliability, justify, with TWO reasons, whether it should end the relationship immediately or require improvement over an agreed period.