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One term, and every place the course uses it — the revision notes that teach it, the multiple choice questions that check it, and the detailed questions that examine it.

12 sub-topics use inflation

  1. Edexcel · Business · 1.5 Understanding external influences on business

    1.5.4The economy and business

    spend Rising income means more spending, especially on non-essentials; falling income shifts demand towards cheaper products Inflation The rate at which prices rise Raises the cost of materials and wages; if the business raises

    in The impact of the economic climate and 1 other section

    Study notes2Multiple choice23Detailed questions8

  2. Edexcel · Business · 1.5 Understanding external influences on business

    1.5.5External influences

    should respond. External influences cannot be controlled, only responded to. An answer saying a business should "stop inflation" or "change the law" misses the point — the question is always what it can do within conditions

    in Possible responses to change

    Study notes1Multiple choice5Detailed questions4

  3. Edexcel · Business · 2.2 Making marketing decisions

    2.2.2Price

    Used in 3 questions on this sub-topic.

    Study notesMultiple choice3

  4. Edexcel · Business · 1.5 Understanding external influences on business

    1.5.2Technology and business

    Used in 3 questions on this sub-topic.

    Study notesMultiple choice3

  5. Edexcel · Business · 1.1 Enterprise and entrepreneurship

    1.1.3The role of business enterprise

    Used in 1 question on this sub-topic.

    Study notesDetailed questions1

  6. Edexcel · Business · 1.3 Putting a business idea into practice

    1.3.2Business revenues, costs and profits

    Used in 1 question on this sub-topic.

    Study notesMultiple choice1

  7. Edexcel · Business · 1.5 Understanding external influences on business

    1.5.3Legislation and business

    Used in 1 question on this sub-topic.

    Study notesMultiple choice1

  8. Edexcel · Business · 2.3 Making operational decisions

    2.3.2Working with suppliers

    Used in 1 question on this sub-topic.

    Study notesMultiple choice1

  9. Edexcel · Business · 2.3 Making operational decisions

    2.3.4The sales process

    Used in 1 question on this sub-topic.

    Study notesMultiple choice1

  10. Edexcel · Business · 2.4 Making financial decisions

    2.4.1Business calculations

    Used in 1 question on this sub-topic.

    Study notesDetailed questions1

  11. Edexcel · Business · 2.4 Making financial decisions

    2.4.2Understanding business performance

    Used in 1 question on this sub-topic.

    Study notesMultiple choice1

  12. Edexcel · Business · 2.5 Making human resource decisions

    2.5.3Effective training and development

    Used in 1 question on this sub-topic.

    Study notesDetailed questions1