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Cambridge IGCSE Business Studies practice

Paper 1 structured question: Business finance: needs and sources

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Attempt questionBusiness finance: needs and sources revisionRevise the key idea

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Business finance: needs and sources

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Paper 1Short Answer and Data Response1 marks

A local bakery is considering expanding its operations to include a café.

Description

Expansion of Bakery Operations

The bakery currently operates with a small team and has a steady customer base. They are looking to add a café to attract more customers and increase sales.

  1. a

    State one reason why the bakery needs finance for this expansion.

    Aim for approximately 1 distinct marking point.

    [1]

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Paper 1 structured question: Business finance: needs and sources

Paper 1Short Answer and Data Response3 marks

Data Table

Financial Needs of Tech Startup

The startup has projected costs for salaries, equipment, and marketing.

Type of NeedAmount Needed
Salaries$100,000
Equipment$50,000
Marketing$30,000
  1. a

    Explain the difference between short-term and long-term financial needs for the startup.

    Aim for approximately 3 distinct marking points.

    [3]