Ramon is an entrepreneur. He plans to start up a home tutoring service to provide students with extra help to learn maths. Ramon is considering buying a franchise. He has prepared a business plan but is concerned about how an increase in the rate of inflation might affect his business. Ramon wants to know whether crowdfunding is the best source of finance for a start-up business to use. Outline two ways a business plan might help Ramon. Way 1 : ........................................................................................................................... ....................................................................................................................................... ....................................................................................................................................... ....................................................................................................................................... Way 2 : ........................................................................................................................... ....................................................................................................................................... ....................................................................................................................................... .......................................................................................................................................

Business

IGCSE&ALevel

CAIE

Exam No：0450_w24_qp_13 Year：2024 Question No：2(c)

Answer:

Knowledge points:

1.3.1.1 the appropriateness of different methods of measuring the size of a business

1.3.2.1 the advantages and disadvantages of being a small business

1.3.2.2 the strengths and weaknesses of family businesses

1.3.2.3 the importance of small businesses and their role in the economy

1.3.2.4 the role of small businesses as part of the industrial structure in some industries

1.3.3.1 why and how a business might grow internally (organic growth)

1.3.3.2 the different types of external growth through merger and takeover: horizontal, vertical (backward and forward), conglomerate diversification, friendly merger, hostile takeover

1.3.3.3 the impact of a merger/takeover on stakeholders

1.3.3.4 why a merger/takeover may or may not achieve objectives

1.3.3.5 the importance of joint ventures and strategic alliances as methods of external growth

Answer:

Knowledge points:

Solution:

Related Question