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． （c）Outline two ways an economic boom might affect Brendan＇s business． Way 1： $$\(\square\)$$ Way 2： .......................................................................................................................................

Answer:

Award 1 mark for each relevant way (max 2 ).
Award 1 mark for each relevant reference to this business (max 2).

Points might include:
- High level of demand/sales/revenue [k] for flowers [app]
- May be difficult to find employees [k] for the shop [app]
- He can increase his prices [k] which will increase added value [app]
- Higher costs / wages might increase [k] so may need more government support [app]
- High business confidence [k] for this entrepreneur [app]
- Increased competition [k]
- Harder to access materials [k]
- Harder to find a location [k]

Other appropriate responses should be credited.

Knowledge points:

Solution: