3.1 What is Business? Business Objectives Different Forms of Business Way in which an increase in interest rates can affect costs and demand

Business Objectives Different Forms of Business Way in which an increase in interest rates can affect costs and demand Profit, Growth, Survival, Cash flow, Social and Ethical Sole traders, Private and Public limited companies, private and public sector organisations, Non-profit organisations such as charities and mutuals Existing business loan repayments may increase, increasing costs Products which are normally bought via finance may be more expensive impacting demand