Business organisation and environment

Table of Contents

1. Topic pack - introduction
2. 1.1 Nature of business activity - notes
3. 1.1 Nature of business activity - questions
4. 1.2 Types of organisation - notes
5. 1.2 Types of organisation - questions
6. 1.3 Organisational objectives - notes
7. 1.3 Organisational objectives - questions
8. 1.4 Stakeholders - notes
9. 1.4 Stakeholders - questions
10. 1.5 External environment - notes
11. 1.5 External environment - questions
    1. The social environment - self-test
    2. The economic environment - self-test
    3. Technological change - short answer questions
    4. Technological change - case study
    5. Economic growth - short answer questions
    6. Inflation - short answer questions
    7. Exchange rates - short answer questions
    8. Exchange rates - Case Study
    9. Unemployment - short answer questions
    10. Interest rates - short answer questions
    11. Apple's iPad goes global
    12. Anti-monopoly probe by EU
    13. Oiling the wheels of industry?
    14. Japan cuts Interest rates
    15. China relaxes controls on Yuan
    16. External influences and market structure
12. 1.5 External environment - simulations and activities
13. 1.6 Organisational planning tools - notes
14. 1.6 Growth and evolution - notes
15. 1.7 Growth and evolution - questions
16. 1.7 Growth and evolution - simulations and activities
17. 1.6 Change (HL only) - notes
18. 1.9 Globalisation - notes
19. 1.9 Globalisation - questions
20. Print View

Oiling the wheels of industry?

Read the article Crude oil's rollercoaster prices (you can do this in the window below or follow the previous link to read the article in a separate window) and then consider answers to the questions below.

Question 1

Identify the main factors that have contributed to the volatility in oil prices since 2008.

Question 2

Assess whether the rise in oil prices affects a firm's fixed or variable costs or both. Explain your answer fully.

Question 3

Discuss the impact that volatile oil prices are likely to have on firms.

Question 4

Evaluate the impact that rising oil prices are likely to have the national economy of the country where you live.