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4 marksChallenges and Opportunities Faced by Small Businesses

CAPE Management of Business Unit 2 · 2007 · Paper 2 · Question 6(b)(iv)

Mr. Want-Money is an opinionated individual wanting to set up an auto-parts business with no prior management experience.

Advise Mr. Want-Money on TWO advantages that he may experience if he decides to buy an existing auto-parts business instead of starting a new one.

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Other parts of this question

  1. 6(a)Mary Cook-Well, owner of a small restaurant, is unsure of the reasons for updating her business plan yearly. Outline THREE possible advantages to be gained by…[6 marks]
  2. 6(b)(i)Advise Mr. Want-Money on THREE important factors he must consider when deciding on a location for his business.[6 marks]
  3. 6(b)(ii)Advise Mr. Want-Money on ONE main reason he should start a sole trader business rather than a Partnership.[3 marks]
  4. 6(b)(iii)Advise Mr. Want-Money on THREE factors he must consider when sourcing finance for his business.[6 marks]

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