Edexcel IGCSEBusiness StudiesGeneral Applications3 Marks
Dinesh runs a small bicycle repair shop. He is worried about the financial performance of his business. (b) Explain one factor Dinesh should consider when choosing a source of finance.
- (b)Explain one factor Dinesh should consider when choosing a source of finance.[3]
Mark scheme
Marking points from the official mark scheme. The mark or mark type is shown in brackets.
- Award 1 mark for identification of a factor, 1 mark for explanation and 1 mark for application to Dinesh's business.
- M1 Cost / Amount needed / Control / Risk / Term (short-term/long-term) (1)
- A1 If Dinesh needs a large sum for a long time, he might consider a bank loan rather than an overdraft (1)
- A1 to fund new equipment for his bicycle repair shop, spreading the cost over several years (1).
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