9 marksChallenges and Opportunities Faced by Small Businesses

CAPE Management of Business Unit 2 · 2021 · Paper 2 · Question 3(b)

Explain THREE of the challenges that Petal and Peter will likely face as a small business.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

3(a)(i)Define the term 'start-up costs'.[2 marks]
3(a)(ii)Define the term 'entrepreneur'.[2 marks]
3(c)Discuss the importance of THREE types of information that should be included in the 'competitor analysis' section of the business plan.[12 marks]

More practice: the rest of this paper · more Challenges and Opportunities Faced by Small Businesses questions · all CAPE Management of Business Unit 2 past papers