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2 marksBusiness Planning and Feasibility

CSEC Principles of Business · 2022 · Paper 2 · Question 1(a)(i)

Joanne intends to establish a cosmetic store in her local area and requires research data to assess the venture's feasibility.

Identify two primary categories of research data she must collect to set up the business.

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Other parts of this question

  1. 1(a)(ii)State one source for each category of data identified in (a)(i).[2 marks]
  2. 1(b)State four reasons why Joanne may desire to establish her own enterprise.[4 marks]
  3. 1(c)Outline three steps that Joanne must take when establishing the cosmetic business.[6 marks]
  4. 1(d)Explain one advantage of short-term planning and one advantage of long-term planning for successfully operating a business.[6 marks]

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