1. What is out of the business’ control or influence?
Do Now!
What is out of the business’ control or influence?
EXTERNAL INFLUENCES

2. 2.1.8 Uncertainty – risk, reward and change
Lesson Objectives
Define Key Terms
Identify possible reasons why the business environment is uncertain
Explain the ways in which businesses can change existing business practices in order to be successful
Evaluate the consequences to businesses of not making changes/taking risks
Answer exam questions on the topic

3. Businesses affected by other external influences
POSITIVE IMPACT: A change in an external influence has affected this business positively:
NEGATIVE IMPACT:
A change in an external influence has affected this business negatively:

4. Businesses Influenced by Tastes and Fashions
POSITIVE IMPACT: A change in taste/fashion has affected this business positively:
NEGATIVE IMPACT:
A change in taste/fashion has affected this business negatively:

5. Changing Business Practices
A business can change it’s business practices by:

7. Plenary Lesson Objectives Define Key Terms
Identify possible reasons why the business environment is uncertain
Explain the ways in which businesses can change existing business practices in order to be successful
Evaluate the consequences to businesses of not making changes/taking risks
Answer exam questions on the topic