2021

• 1 (a) Which one of the following is a long-term source of finance?(1)

  Select one answer.

  A Overdraft

  B Revenue

  C Trade credit

  ❌ D Venture capital
• 1 (b) Which one of the following could be used to identify customer needs?(1)

  Select one answer.

  A Business idea

  B Business objectives

  ❌ C Market research

  D Marketing mix
• 1 (c) Explain one drawback to a business of having low levels of cash.(3)

  • A business with low levels of cash may not be able to pay suppliers. This would damage relationships with suppliers which means the business may not have sufficient levels of raw materials.