This bingo card has 27 words: Free!, Employee Relations Act, It sets rules for fair treatment at work, requiring good faith, fair agreements, and clear processes for disputes., Privacy Act, It protects people’s personal information and sets rules for how businesses collect, store, use, and share it., Trade Union, An organized group of workers in the same industry or trade who come together to collectively bargain with their employers for better pay, improved working conditions, and other benefits., Benefits of new technology, New opportunities, quicker and more effective operations and improves quality and reduces waste., Social influences, the ways that society, culture, trends, values, and demographics affect how a business operates and how customers behave., Negatives of social media, bad publicity spreading quickly, negative customer reviews damaging reputation, or time and money being wasted if not managed well., Resource management act, Applying practices to help protect the land and environment, as well as the resources used in producing products., Compliance costs, the expenses a business has to pay to follow laws, regulations, and industry standards (e.g. accounting, reporting, health and safety requirements)., PESTEC, Political, Economic, Social, Technological, Environmental, Competitive, Demographics, population characteristics like age, gender, or ethnicity that shape demand for products/services., Political factors, how government decisions, laws, or policies affect a business., Advantages of rising inflation, can reduce debt value, increase wages, prevent deflation, and boost government revenue, Competitors and other businesses that sell similar products or services and try to win the same customers..
Pestle | Business Vocab | Business Vocab | 2.01 and 2.02 | Gilded Age- Section 6
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