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1.3 Putting a business idea into practice

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Question 8

A refill shop aims to reduce plastic waste and also to survive its first year. Which conclusion is most accurate?

[1]
A

The social objective prevents the shop from having any financial objective

B

Survival can be measured only by the amount of plastic saved

C

The objectives may conflict if lower-waste choices raise costs, but both can still guide decisions

D

A new business should replace survival with market share because it is easier to measure and guarantees long-term profit

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1.3 Putting a business idea into practice Questions

  1. GCSE
  2. /Business
  3. /1.3 Putting a business idea into practice

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.

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