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Standard Grade Business Management Units 2 and 3 – Revision Homework General Questions 1 Why

Standard Grade Business Management

Units 2 and 3 – Revision

Homework

Business Management Units 2 and 3 – Revision Homework General Questions 1 Why would a Business

General Questions

1

Why would a Business Plan be prepared before starting a new business?

(2 KU)

2

3

4

Give 2 examples of information which would be contained in a Business Plan.

Suggest 2 ways in which the Prince’s Trust can help with the start up of a new business.

Trust can help with the start up of a new business. (a) Suggest 2 possible reasons

(a)

Suggest 2 possible reasons why BT are relocating their Call Centre to India.

(b)

Suggest 2 problems BT could face by this relocation.

Credit Questions

TOTAL

(2 KU)

(2 DM)

(2 KU)

(2 KU)

8 KU

2 DM

1 Other than the Prince’s Trust suggest 2 ways in which entrepreneurs can get advice in setting up their own businesses.

(2 DM)

2 Explain why the government is keen to support new business start-ups.

(2 KU)

3 What is the Euro?

(a)

 

(1KU)

(b)

Describe 2 benefits of trading within the European Union.

(2KU)

(c)

What problems might a company encounter when trading in the European Union?

(2KU)

 

TOTAL

7 KU

2 DM