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From course:

GCSE Business 2020-2022 OCR

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Question:

Consumer Income has Increased. How will this affect: 1. Businesses 2. Employees 3. Suppliers 4. Government

Author: eric_galvao



Answer:

1. More Sales will be Seen as Consumers are Spending More - as they have the Funds for Such. Price may also Increase 2. Businesses may need more Employees to Match the Demand. Wages may go Up if Shortage of Workers is Present 3. More Consumers --> More Output --> More Raw Materials. Suppliers have more Sales and may Increase Price 4. Amount from Taxation has Increased - More Money put into Public Sectors


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