Question detail
QuickFix Repairs serves small retailers while taking a loan; the case evidence includes capacity utilisation of ?7,843, sales of 583 units, and a 24% change in costs or demand. Justify how the business should respond to Evaluate suitable sources of finance for new and established businesses.
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At a glance
Question
Type
exam_style
Style
Topic
Sources of finance
Question
QuickFix Repairs serves small retailers while taking a loan; the case evidence includes capacity utilisation of ?7,843, sales of 583 units, and a 24% change in costs or demand. Justify how the business should respond to Evaluate suitable sources of finance for new and established businesses.
Answer
Anchor the response in evidence. Apply sources of finance to QuickFix Repairs serves small retailers while taking a loan, then explain how the decision changes cash inflow, costs, revenue, cash flow, or stakeholder outcomes. A balanced response considers both the benefit and the risk for employees, uses figures such as ?11,243 or 24%, and reaches a supported judgement based on the business objective.
Explanation
Separate the trade-offs before concluding. This explanation is anchored to Finance sources and suitability and Sources of finance because it links the command word to scenario evidence, commercial reasoning, financial impact, and stakeholder consequences. It also separates efficiency and productivity, which helps the final judgement stay precise.
Common mistake
Finance sources and suitability common mistake 1
Giving a vague answer instead of directly addressing: Evaluate suitable sources of finance for new and established businesses..
Answer by clearly explaining how to evaluate suitable sources of finance for new and established businesses..
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