Brendan wants to be a successful entrepreneur. He plans to start up a flower shop using government support. Brendan's brother has offered to form a business partnership with him. Brendan knows it is important for a new business to use a suitable pricing method. He has already identified ways the business can increase added value. Brendan wants to know how an economic boom might affect his business.

1. (a)Define 'business partnership'.[2]
2. (b)Identify two ways a government can support business start-ups.[2]
3. (c)Outline two ways an economic boom might affect Brendan's business.[4]
4. (d)Explain two ways Brendan could increase added value for his business.[6]
5. (e)Explain two pricing methods a new business might use. Which is likely to be the best method to use? Justify your answer.[6]