Business location

Which one of the following is an advantage of starting as a franchisee?

Select one answer.

Figure 1 shows the total costs per year for a small business from 2021 to 2023.

Using the information in Figure 1, calculate the percentage increase in total costs between 2021 and 2022. You are advised to show your workings.

Explain one advantage to a small business of creating a cash-flow forecast.

Explain one disadvantage to a small business of using primary market research.

Discuss how proximity to market could influence the location of a small business.

In the Source Booklet, look at Figure 3 and read Extract B, then answer Question 7.

State one example of a fixed cost for PFC.

Table 3 shows the % of the local population that has a gym membership in different regions of the UK.

(Source: adapted from Yougov survey 2022)

Table 3

Using the information in Table 3, identify which region had the lowest level of gym membership in the UK .

Outline one factor that could have influenced the location of PFC.

In order to increase the number of new members at PFC, the owner is considering two options:

Option 1: reducing the price of membership

Option 2: providing an individual fitness plan for all new members.

Justify which one of these two options would have the bigger impact on new membership at PFC.

Evaluate the importance of the level of consumer income to the success of PFC. You should use the information provided as well as your knowledge of business.

Which one of the following could market mapping be used for?

Select one answer.

Which one of the following is an impact of a decrease in interest rates?

Select one answer.

Explain one advantage of starting a business as a private limited company.

Explain one way the internet may affect where a small business chooses to locate.

Outline one factor that may influence the location of a Little Movers franchise.

Analyse the impact on an entrepreneur of being a Little Movers franchisee.

Outline one way that Sports Tours Ltd meets customer needs.

Analyse the impact of the internet on the location of Sports Tours Ltd ’s premises.

State one market segment that On Your Bike has targeted.

Outline one impact on On Your Bike of an increase in the value of the pound.

To expand its business in response to the growth in the cycling market, On Your Bike is considering two options:

Option 1: open a second shop

Option 2: start to use e-commerce on its website.

Justify which one of these two options On Your Bike should choose.