Quelpr
6 marksAssistance Available to Small Firms

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

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 THREE factors he must consider when sourcing finance for his business.

The mark scheme is shown once you've answered.

Practise this question

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)(iv)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.[4 marks]

More practice: the rest of this paper · more Assistance Available to Small Firms questions · all CAPE Management of Business Unit 2 past papers