1. 3.1 What is Business?
Business Objectives
Different Forms of Business
Way in which an increase in interest rates can affect costs and demand

2. Business Objectives
Different Forms of Business
Way in which an increase in interest rates can affect costs and demand
Profit, Growth, Survival, Cash flow, Social and Ethical
Sole traders, Private and Public limited companies, private and public sector organisations, Non-profit organisations such as charities and mutuals
Existing business loan repayments may increase, increasing costs
Products which are normally bought via finance may be more expensive impacting demand