INTERACTIVE VIDEO

Get ready to explore the world of business with this interactive video. Once launched, you'll dive into interactive activities, master case study analysis, and challenge your knowledge with a multiple-choice quiz
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OVERVIEW

Do you want to gain a better understanding of how changes in consumer income and interest rates can affect businesses? In this interactive video, we'll explore the impact of these variables using Nordic Hot Tubs Limited as a case study. Through this example, we'll uncover how changes in consumer income and interest rates can significantly influence various aspects of a business, from production to finance and marketing.

By examining how shifts in consumer income and interest rates can affect businesses, we'll gain valuable insights into the importance of monitoring and adapting to economic conditions. For example, an increase in consumer income can result in a surge in sales, while a decrease in income can lead to a decline in demand. Similarly, changes in interest rates can affect a company's borrowing costs and savings returns.

By the end of the video, you'll have a clear understanding of how changes in consumer income and interest rates can impact businesses. You'll also learn valuable strategies that businesses can employ to mitigate risks and seize opportunities during economic fluctuations.

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  • DETAILED EXPLAINER VIDEO
  • 10 QUESTION MULTIPLE-CHOICE QUIZ
  • 6 INTERACTIVE ACTIVITIES
  • INTERACTIVE CASE STUDY
  • SUPPORTING STUDENT WORKSHEETS

CASE STUDY ANALYSIS
COVID CLOSE DOWN

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  • The interactive case study explores the impact of the Covid-19 global pandemic on the UK economy, including rising unemployment levels and a drop in consumer spending. As a result of the government-enforced lockdown, many businesses experienced financial difficulties, leading to some well-known retailers calling in administrators to close down stores and lay off employees.

Teacher Resources

Below you can find a range of teaching resources, from printable PDFs to Google Forms, along with an uninterrupted video to play to the entire class.

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