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Revision:AQA A2 Business Studies Unit 4 - SWOT Analysis of the UK

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TSR Wiki > Study Help > Subjects and Revision > Revision Notes > Business Studies > SWOT Analysis of the UK


SWOT analysis of the UK


Contents

Strengths

  • Has the economic resources to survive (skilled labour for example)
  • Good industrial relations
  • Political Stability
  • Good education system compared to most countries
  • English as first language and is the world language therefore improves business.
  • Stable and growing economy
  • Profitable businesses
  • Improvement of management
  • Low unemployment


Weaknesses

  • Poor transport system hindering trade
  • Strong pound makes exports expensive and imports dearer
  • Skills shortage
  • Not enough R+D
  • Lack of invention and innovation
  • Inefficient industry


Opportunities

  • Reductions in barriers to trade therefore increasing trade partners
  • Fill skills gap from migrants
  • Larger market in which to trade


Threats

  • Increased competition due to cheaper labour etc
  • Businesses relocate abroad due to cheaper costs
  • Reduced E.U. spending on us as new countries require investment
  • Cheaper imports from abroad


Also See

Read these other AQA A2 Business Studies Unit 4 revision notes:


Comments

These notes are aimed at people studying for AQA A2 Business Studies Unit 4, but will also be suitable for other courses and exam boards.

Originally submitted by eksman on TSR Forums.

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