Edexcel IGCSEBusiness StudiesGeneral Applications2 Marks
Dinesh runs a small bicycle repair shop. He is worried about the financial performance of his business. (a) State two reasons why businesses may need to raise finance.
- (a)State two reasons why businesses may need to raise finance.[2]
Mark scheme
Marking points from the official mark scheme. The mark or mark type is shown in brackets.
- Award 1 mark for each correct reason stated. (Max 2)
- To start up a new business (1)
- For expansion / growth (1)
- To purchase new assets / equipment (1)
- To manage cash flow / working capital (1)
- To cover unexpected costs (1).
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