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O-LevelCommerceFinance7100/12 · May/June 2014 · Q391 Mark

For which purpose would a bank manager offer a loan rather than an overdraft to a small-scale retailer?

Abuying stock which a wholesaler is offering at a bargain price

Bleasing two new delivery vans for the business

Cpaying for some advertising leaflets

Dpurchasing larger premises nearer to the city centre

✓ Correct answer

D: purchasing larger premises nearer to the city centre

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About this question

Topic: Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2014 Paper 1 Variant 2, question 39.

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