Question 4
Rove Bikes hires electric bicycles to tourists. Its current forecast sales are 4,200 hires. The break-even chart shows the forecast position for the year.
Rove Bikes now expects sales to fall from 4,200 hires to 3,300 hires. Analyse one impact of this change on Rove Bikes.
1.3 Putting a business idea into practice Questions
38 exam-style questions on Edexcel GCSE Business 1.3 Putting a business idea into practice, covering 1.3.1a Financial aims and objectives, 1.3.1b Non-financial aims and objectives, 1.3.1c Why aims and objectives differ, 1.3.2a Revenue, costs and profit calculations, 1.3.2b Break even and margin of safety, 1.3.2c Interpretation of break even diagrams, 1.3.3a The importance of cash to a business, 1.3.3b The difference between cash and profit, 1.3.3c Cash-flow forecasts: inflows and outflows, 1.3.3d Cash-flow forecasts: net cash flow and balances, 1.3.4a Short-term sources of finance, and 1.3.4b Long-term sources of finance. Each one has a worked solution and a mark scheme showing where the marks go.