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1.4 Making the business effective

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Question 19

A business plan forecasts strong sales using a survey of 12 friends and assumes costs will not rise. Which conclusion is most accurate?

[1]
A

The plan eliminates risk because it contains numerical forecasts

B

A lender must accept the forecast because it appears in a written business plan with numerical evidence

C

The business should ignore the evidence and launch without planning

D

The plan can support decisions, but unreliable assumptions may make the forecasts misleading

Markscheme

1.4 Making the business effective Questions

  1. GCSE
  2. /Business
  3. /1.4 Making the business effective

37 exam-style questions on Edexcel GCSE Business 1.4 Making the business effective, covering 1.4.1a Limited liability, 1.4.1b Types of business ownership for start-ups, 1.4.1c Franchising, 1.4.2a Factors influencing business location, 1.4.2b Impact of the internet on location, 1.4.3a What the marketing mix is, 1.4.3b Balancing the marketing mix, 1.4.3c Impact of technology on the marketing mix, 1.4.4a The role and importance of a business plan, and 1.4.4b The purpose of planning business activity. Each one has a worked solution and a mark scheme showing where the marks go.

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