Business plans

State one example of a cash inflow for Adikoggz.

Outline one benefit to Keilan from producing a business plan for Adikoggz.

To help prevent cash-flow problems Adikoggz is considering two options as a short-term source of finance:

Option 1: an overdraft from the bank

Option 2: trade credit from suppliers.

Justify which one of these two options Adikoggz should choose.

In the Source Booklet, look at Figure 2 and read Extract A, then answer Questions 4, 5 and 6.

Outline one way that financial information in a business plan could help Lili Heating Ltd.

Analyse the impact of non-financial aims on Amelia’s decision to start Lili Heating Ltd.

Which one of the following is a long-term source of finance?

Select one answer.

Which one of the following could be used to identify customer needs?

Select one answer.

Explain one drawback to a business of having low levels of cash.

Explain one way an entrepreneur can reduce the risk of failure when starting a new business.

State one stakeholder of Loco.

Table 3 shows the interest rate paid on savings between 2014 and 2017.

Using the information in Table 3, identify the best year for Loco to save any retained profit it may have.

Outline one way that a business plan could have helped Joe Thwaites when starting Loco.

In order to make improvements to the business, Loco is considering two options:

Option 1: introduce a digital payment system e.g. PayPal

Option 2: hold online meetings using digital communication.

Justify which one of these two options Loco should choose.

Evaluate the extent to which Loco will be able to compete with large manufacturers of SUPs. You should use the information provided as well as your knowledge of business.

Which one of the following is an example of a cash outflow for a small business?

Select one answer.

Figure 1 shows information about the financial performance of a business from January to March.

Revenue and total costs from January to March

Using the information in Figure 1, calculate the total profit for the period January to March. You are advised to show your workings.

Explain one benefit to a small business of understanding customer needs.

Explain one reason why it is important to include financial information in a business plan.

Discuss the importance of cash to the survival of a small business.