CSEC Principles of Business · May/June 2016 · Paper 2 · Question 3(b)
Outline THREE advantages of borrowing money from a credit union as opposed to a bank.
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Practise this questionOther parts of this question
- 3(a)(i)Define 'capital' and give ONE example.[3 marks]
- 3(a)(ii)Define 'collateral' and give ONE example.[3 marks]
- 3(c)Identify TWO elements of a business plan.[2 marks]
- 3(d)(i)Explain ONE way in which a business plan is important to business owners.[3 marks]
- 3(d)(ii)Explain ONE way in which a business plan is important to potential investors.[3 marks]
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