each part is only 2 marks

What is meant by an external influence on business? How is inflation measured? State three drawbacks of inflation for businesses. How might deflation affect a business? Why does the govemment impose taxes on individuals and businesses? What is the difference between direct and indirect taxes? State four examples of direct taxes. What might be the impact on businesses of a fall in corporation tax? What is the link between business investment and the interest rate? How will a business be affected by a depreciating exchange rate if it exports 80 per cent of its output? If 1 = AUD 1.85, how much will a British tourist pay in pounds for a meal in a Sydney restaurant that cost AUD 245.00? What is meant by a boom in the economy