Exam

Name:
BUSINESS UNIT 1
SMALL BUSINESS - REVISION MATERIALS
Date:
Time:
Total marks available:
Total marks achieved:
BY TEACHER BOAZ
Year 9 Business revision boooklet -BY TR.Boaz 1

Questions
Q1.
Artify Studio was set up in 2015 by Tay Hui Jae in the busy Kampong Glam area of Singapore. Artify
Studio's aim is to have 'a communal art space where people can come together and paint, where people
would be given as much creative freedom as they would have if they were in their own spaces.'
Artify Studio provides many services including its popular Liberty Art Jam where customers can paint as
well as listen to music. The studio offers a Corporate Art Jam and Regular Kids Classes. Customers can
purchase art materials after attending the studio.
Analyse the effect of a decrease in interest rates on Artify Studio.

(6)
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A decrease in interest rates can have both positive and negative

.............................................................................................................................................
effects on Artify Studio. Let's analyze them:
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Positive effects:
.............................................................................................................................................
1. Decreased borrowing costs: Artify Studio may have loans or credit
facilities for expansion or operating expenses. A decrease in interest
.............................................................................................................................................
rates would lower the cost of borrowing, allowing the studio to access
funds at a lower cost and potentially invest in new equipment, space,
.............................................................................................................................................
or marketing initiatives.
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2. Increased consumer spending: Lower interest rates can stimulate
consumer spending as borrowing becomes cheaper. This may result in
.............................................................................................................................................
more individuals participating in Artify Studio's services, such as
Liberty Art Jam, Corporate Art Jam, and Regular Kids Classes.
.............................................................................................................................................
Increased attendance can lead to higher revenue and a stronger
.............................................................................................................................................
customer base.
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Negative effects:
1. Reduced returns on savings: Lower interest rates may discourage
.............................................................................................................................................
individuals from saving money in interest-bearing accounts as returns
may be lower. This could impact Artify Studio if potential customers
.............................................................................................................................................
have less disposable income to spend on art classes or purchasing
art materials.
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2. Increased competition: Lower interest rates can encourage new

.............................................................................................................................................
businesses to enter the market or existing businesses to expand.
.............................................................................................................................................
This could potentially increase competition for Artify Studio, leading
to a potential loss of market share or customers.
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Overall, the effect of a decrease in interest rates on Artify Studio
.............................................................................................................................................
would depend on various factors, such as the overall economic
conditions, the studio's ability to adapt and attract customers, and its
financial management strategies.
(Total for question = 6 marks)

Q2
The Alternative Drum School (TADS) was set up in the wealthy area of Cricklade, England in 2008 by
Ollie Tanner who had a passion for and enjoyed drumming. Ollie invested all of his savings into the
drumming school. He saw the potential of being located away from other drumming schools.
Ollie promotes his business by writing columns in local papers, performing at local music festivals and by
word of mouth recommendations. He has invested heavily in computer technology to allow students to
produce the music they enjoy playing.
Ollie finds it difficult to maintain a good work-life balance. Ollie currently works 60 hours a week in a
business that does not have reliable profits.
Analyse the importance of location for TADS.

(6)
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The location of The Alternative Drum School (TADS) in the wealthy
.............................................................................................................................................
area of Cricklade, England plays a significant role in its success and
growth. Here are the key factors that highlight the importance of
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location for TADS:
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1. Target customer base: Being situated in a wealthy area provides
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access to a customer base that likely has the financial resources to
afford drumming lessons. This increases the potential for TADS to
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attract students who are willing and able to pay for their services,
contributing to the school's revenue and financial stability.
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2. Reduced competition: Choosing a location away from other
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drumming schools gives TADS a competitive advantage. With less
competition in close proximity, TADS can establish itself as a unique
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and preferred option for people interested in drumming lessons. This
positioning helps to differentiate TADS and potentially attract more
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students.
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3. Reputation and exclusivity: Operating in a wealthy area can
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enhance TADS's reputation and perception of exclusivity. The
association with affluence can create an image of high-quality
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instruction and a premium learning experience. This can attract
students who value prestige and are willing to invest in their musical
.............................................................................................................................................
education.
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4. Promotional opportunities: The location in Cricklade allows Ollie
Tanner to engage in effective promotional activities. Writing columns
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in local papers and performing at local music festivals provide
.............................................................................................................................................
valuable exposure to potential students and parents. Word-of-mouth
recommendations also play a crucial role in building the reputation of
TADS within the local community.
(Total for Question = 6 marks)
5. Convenient access: The convenience of accessing TADS is an
important factor for potential students. By being located in a central
area or a wealthy neighborhood, TADS offers ease of

Q3.
The Better Toy Store (TBTS) is a children's toy shop. TBTS has three shops in Singapore. Two of the
shops are located in busy shopping malls and the third is located at the Jewel Changi Airport. TBTS has a
website for customers looking to buy toys online.
TBTS selects toys to sell that are excellent for play, value, design and quality. All TBTS toys are
environmentally friendly.
Analyse the likely impact of external factors on business decisions made by TBTS.
(6)
External factors can have a significant impact on business decisions made by
.............................................................................................................................................
The Better Toy Store (TBTS). Let's analyze some of these factors:
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1. Economic conditions: Changes in the overall economic conditions, such as
recessions or economic growth, can influence consumer spending patterns.
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During a downturn, consumers may be more cautious with their purchases,
leading TBTS to consider adjusting their pricing strategy or offering
.............................................................................................................................................
promotions to maintain sales. On the other hand, in times of economic
growth, TBTS may explore expansion opportunities or introduce new product
.............................................................................................................................................
lines to capitalize on increased consumer spending.
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2. Consumer trends and preferences: Shifts in consumer trends and
preferences can impact TBTS's product selection and marketing strategies.
.............................................................................................................................................
For example, if there is a growing demand for educational toys or
sustainable products, TBTS may need to adjust their inventory or sourcing
.............................................................................................................................................
practices to align with these preferences. Regular market research and
staying updated with current trends would be crucial for TBTS to make
.............................................................................................................................................
informed business decisions.
3. Competitor actions: The actions and strategies of competitors can

.............................................................................................................................................
influence TBTS's decisions. If a competitor introduces a new line of toys or
offers a unique shopping experience, TBTS may need to respond with similar
.............................................................................................................................................
initiatives to stay competitive. Additionally, monitoring competitor pricing,
promotions, and customer feedback can help TBTS make informed decisions
.............................................................................................................................................
about pricing strategies or product differentiation.
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4. Regulatory changes: Changes in regulations related to toy safety,
packaging, or environmental standards can impact TBTS's sourcing
.............................................................................................................................................
processes and product offerings. Complying with regulatory requirements
may require adjustments in the supply chain or additional investments in
.............................................................................................................................................
quality control measures. Staying informed about regulations and taking
timely actions will be crucial for TBTS to continue offering environmentally
.............................................................................................................................................
friendly products.
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5. Technological advancements: Advancements in technology, such as
e-commerce platforms or digital marketing tools, can impact TBTS's business
.............................................................................................................................................
decisions. TBTS may need to invest in online marketing, optimize their
website for a seamless shopping experience, or explore partnerships with
delivery services to cater to the growing online shopping trend.
C o n s i d e r i n g a n d a d a p t i n g t o t h e s e e x t e r n a l f a c t o r s (Total
will hfor
e lquestion
p T B T S= m
6 marks)
ake
informed business decisions and stay relevant in the ever-changing toy
industry.

Q4.
Haji Biriyani is a restaurant group located in Dhaka, Bangladesh. The business was started in 1939 by Haji
Mohammed Hossain. The restaurant group now has three restaurants in Dhaka. It is famous for selling
Biriyani, a mixed rice dish containing mutton and spices such as black peppercorns and cinnamon.
In 2015, Haji Biriyani's total costs were 11 000 000 Tks. By opening a fourth restaurant the restaurant
group estimates that its total costs will increase by 20%.
Analyse the possible impact of a rise in Bangladeshi interest rates on Haji Biriyani.
.............................................................................................................................................
A rise in Bangladeshi interest rates can have several
.............................................................................................................................................
impacts on Haji Biriyani. Let's analyze them:
1. Increased borrowing costs: If Haji Biriyani requires

.............................................................................................................................................
additional funds to open a fourth restaurant or for other
operational purposes, a rise in interest rates would
.............................................................................................................................................
increase the cost of borrowing. This could potentially
lead to higher interest expenses, impacting the overall
.............................................................................................................................................
profitability of the business.
.............................................................................................................................................
2. Decreased consumer spending: Higher interest rates
can impact consumer spending as borrowing becomes
.............................................................................................................................................
more expensive. This may result in reduced
discretionary spending by customers, including dining
out at restaurants like Haji Biriyani. The decrease in
.............................................................................................................................................
consumer spending could potentially lead to a decline
in sales and revenue for the restaurant group.
.............................................................................................................................................
3. Cost of ingredients: Haji Biriyani's main dish is
.............................................................................................................................................
biriyani, which includes mutton and various spices. A
rise in interest rates can indirectly impact the cost of
.............................................................................................................................................
ingredients if it leads to increases in production and
transportation costs. This could affect the profitability
of the restaurant group if they are unable to pass on
.............................................................................................................................................
the increased costs to customers through higher menu
prices.
.............................................................................................................................................
4. Investment and expansion plans: Higher interest
.............................................................................................................................................
rates may discourage Haji Biriyani from pursuing their
plans to open a fourth restaurant or expand their
.............................................................................................................................................
business. The increased cost of borrowing and potential
decrease in consumer spending may make it less
financially viable to undertake such expansion projects.
.............................................................................................................................................
5. Overall economic impact: Rising interest rates are
.............................................................................................................................................
often a response to economic conditions, such as
inflationary pressures. If interest rates are rising due
.............................................................................................................................................
to economic instability or a slowdown, it could have
broader implications for the restaurant industry as a
w h o l e . D e c r e a s e d c o n s u m e r c o n f i d e n c e a n d s p e n d i n g(Total , for question = 6 mark
as well as potential inflationary pressures on ingredient
costs, could impact Haji Biriyani's overall business
performance.
It is important to note that the impact of interest rate

changes on Haji Biriyani would also be influenced by
other factors such as the competitive landscape, the
restaurant group's pricing strategy, and their ability to
adapt to changing market conditions.

Q5.
Answer the questions with a cross in the boxes you think are correct . If you change your mind
about an answer, put a line through the box and then mark your new answer with a cross .
Nantgwynfaen Organic Farm (NOF) is a farm growing a range of fruit and vegetables. It has a farm shop
and offers accommodation with breakfast. It was set up by Amanda and Ken Edwards in West Wales, UK.
NOF supports farmers by selling local organic produce in its farm shop. The produce from the farm shop
is served to the visitors staying overnight at the farm.
NOF is committed to being environmentally friendly by recycling, avoiding the use of packaging and
reducing the use of electricity.
(i) Which one of the following is an external source of finance?

(1)
Select one answer.
A Personal savings
B Retained profit
C Bank loan ANSWER IS C
D Selling assets
(ii) Which sector does a clothing retailer operate in?

(1)
A Primary ANSWER PRIMARY ( I THINK)

B Secondary
C Tertiary
D Quaternary
(iii) Which one of the following types of discrimination is protected by legislation?
(1)
Select one answer.
A Age
B Ability ANSWER AGE
C Social
D Ethical
(IV) Define the term social enterprise.
(1)
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a business with specific social objectives that serve its

....... . . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................. . . . . . . . .
primary purpose.
....... . . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................. . . . . . . . .
(V) Define the term globalisation.

(1)
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operating on an international scale to provide or produce goods

....... . . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................. . . . . . . . .
and services.
....... . . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................. . . . . . . . .
5
Turn over
NOF buys honey from a local farm for £1.60 a jar and sells it to customers for £3.60.
(vi) What is the markup on a jar of honey?

(1)
Select one answer
A 1.6% 3.60- 1.60= 2:00 divide by 1:
B 2% 60 times 100=125
C 125%
D 250%

Q6.
Answer the questions with a cross in the boxes you think are correct . If you change your mind
about an answer, put a line through the box and then mark your new answer with a cross .
(i) Which one of the following could a sole trader pay on its profits?
Select one answer.
A Sales tax (1)
B Income tax income tax
C Corporation tax
D Indirect tax
(ii) Which of the following could be a non-financial objective for the owner of a business?
A Improved chance of survival (1)

B Increased market share C
C Personal satisfaction
D Increased profit
(iii) Which one of the following is a method of primary market research?

(1)
Select one answer. ANSWER C
A Newspaper articles
B Government statistics
C Focus groups
D Internet research

(vi) What effect would this exchange rate have on Backyard Shoez if the cost of an imported handbag
remained at €20?
(1)
Select one answer
A Import costs would be unchanged ANSWER C
B Net cash flow would improve
C The price of the handbags in euros would rise
D The cost of importing a handbag would fall
Q7.
Define the term primary sector.

(1)
.............................................................................................................................................
any industry involved in the extraction and production of
raw materials
.............................................................................................................................................
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(Total for question = 1 mark)
Q8.
Backyard Shoez is a retail business located in Nairobi, Kenya. It sells a wide range of
shoes, handbags and accessories for ladies only. Backyard Shoez has three shops in
Nairobi. The shops are located in a busy shopping centre where there are other
shoe shops.
(Source adapted from: https://backyardshoez.co.ke/)
Backyard Shoez is analysing its financial position before it begins selling shoes to men and children.
Define the term profit.

(1)
.............................................................................................................................................
a financial gain, especially the difference between the amount earned and the amount spent in
.............................................................................................................................................
buying, operating, or producing something.
Q9.
Define the term stakeholder.

(1)
.............................................................................................................................................
A stakeholder has a vested interest in a company and can either affect or be affected by a
business' operations and performance. T
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Q10.
Define the term stakeholder.

(1)
.............................................................................................................................................
A stakeholder has a vested interest in a company and can either affect or be affected by a
.............................................................................................................................................
business' operations and performance. T
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(Total for Question = 1 mark)
Q11.
Artify Studio was set up in 2015 by Tay Hui Jae in the busy Kampong Glam area of Singapore. Artify
Studio's aim is to have 'a communal art space where people can come together and paint, where people
would be given as much creative freedom as they would have if they were in their own spaces.'
Artify Studio provides many services including its popular Liberty Art Jam where customers can paint as
well as listen to music. The studio offers a Corporate Art Jam and Regular Kids Classes. Customers can
purchase art materials after attending the studio.
Artify Studio is a profit-making organisation with a social element. It employs seven part-time people, all of
whom are art enthusiasts.
Artify Studio is planning to open a second art studio in the small mining town of Sungai Lembing in
Malaysia. It will recruit highly skilled employees to provide a high standard of service.
Evaluate the factors that Artify Studio would have considered when deciding where to locate its second
art studio. You should use the information provided as well as your own knowledge of business.

.............................................................................................................................................
In business and finance, profit is the amount of money that remains after
.............................................................................................................................................
all expenses have been deducted from the revenues or income generated
by a business or an investment. It represents the financial gain earned by
.............................................................................................................................................
a company, individual, or organization from a commercial or investment
activity over a defined period of time. Profit is a crucial metric in measuring
.............................................................................................................................................
the financial performance and success of a business, as it determines the
amount of money that can be reinvested in operations, paid out to
.............................................................................................................................................
shareholders, or used to expand the business.
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Q12 . Evaluate the factors that NOF might consider when measuring the success of its farm shop.
You should use the information provided as well as your own knowledge of business.
.............................................................................................................................................
In business and finance, profit is the amount of money that remains
.............................................................................................................................................
after all expenses have been deducted from the revenues or income
generated by a business or an investment. It represents the financial
.............................................................................................................................................
gain earned by a company, individual, or organization from a
commercial or investment activity over a defined period of time. Profit
.............................................................................................................................................
is a crucial metric in measuring the financial performance and
success of a business, as it determines the amount of money that
.............................................................................................................................................
can be reinvested in operations, paid out to shareholders, or used to
expand the business.
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Q13.
At the moment TADS operates as a sole trader. As it becomes more successful Ollie is considering
becoming a private limited company.
Evaluate whether TADS should consider becoming a private limited company. You should use the
information provided as well as your own knowledge of business. (12)
.............................................................................................................................................
When considering whether TADS (The Alternative Drum School) should become a private limited
.............................................................................................................................................
company, several factors need to be evaluated:
.............................................................................................................................................
1. Liability Protection: One of the main advantages of incorporating as a private limited company is
that it offers limited liability protection. If TADS were to become a private limited company, Ollie
.............................................................................................................................................
would have limited personal liability for the company's debts and obligations. This protects his
personal assets in case of any financial issues or litigation.
.............................................................................................................................................
2. Growth and Investment Opportunities: Converting to a private limited company structure can
make it easier for TADS to attract external investors and secure funding for expansion. Investors
.............................................................................................................................................
are often more willing to invest in companies with limited liability structures, which can provide
TADS with additional capital for growth, marketing efforts, and technology upgrades.
.............................................................................................................................................
3. Perpetual Existence: As a sole trader, TADS relies heavily on Ollie's presence and involvement.
.............................................................................................................................................
If Ollie were to leave or retire, TADS might face challenges in continuing its operations. By
becoming a private limited company, TADS would gain perpetual existence, ensuring that the
business can continue to operate and grow independently of its owner.
.............................................................................................................................................
4. Brand Reputation: Operating as a private limited company can enhance TADS's brand
.............................................................................................................................................
reputation and credibility among customers, suppliers, and business partners. The "Ltd" or "
..............................................................................................................................................
Limited" designation after TADS's name signifies a more established and professional business
..............................................................................................................................................
entity, potentially attracting more customers and business opportunities.
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5. Tax Benefits and Flexibility: Incorporating as a private limited company may provide certain tax
..............................................................................................................................................
benefits and flexibility concerning the distribution of profits. Company profits can be distributed as
..............................................................................................................................................
dividends, which can be more tax-efficient compared to being classified as personal income for a
..............................................................................................................................................
sole trader. However, it is essential to consult with tax professionals to understand the specific
..............................................................................................................................................
implications in TADS's jurisdiction.
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6. Administrative and Reporting Requirements: As a private limited company, TADS would need to
..............................................................................................................................................
comply with additional administrative and reporting requirements, such as filing annual financial
..............................................................................................................................................
statements and maintaining proper corporate records. Ollie would need to consider the associated
..............................................................................................................................................
costs and administrative burdens before making this decision.
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Considering the information provided, the potential benefits of limited liability protection, access to
..............................................................................................................................................
investment, brand reputation, and growth opportunities make it worth considering for TADS to
..............................................................................................................................................
become a private limited company. However, it is advisable for Ollie to seek advice from legal,
financial, and tax professionals to fully evaluate the implications and make an informed decision
..............................................................................................................................................
based on the specific circumstances of TADS.
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Year 9..............................................................................................................................................
Business revision boooklet -BY TR.Boaz 12
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Q14.
Explain one advantage of being a sole trader.

(3)
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Flexbelity
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Q15.
Explain one benefit to a business of being a partnership.

(3)
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Q16.
Explain one disadvantage of being in a partnership.

(3)
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Q17.
Explain one impact of an increase in interest rates on a business.

(3)
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Q18.
Explain one measure a business can use to judge its success.

(3)
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Q19.
Explain one way to measure the success of a business.

(3)
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Q20.
Backyard Shoez is a retail business located in Nairobi, Kenya. It sells a wide range of
shoes, handbags and accessories for ladies only. Backyard Shoez has three shops in
Nairobi. The shops are located in a busy shopping centre where there are other
shoe shops.
(Source adapted from: https://backyardshoez.co.ke/)
Outline one impact on Backyard Shoez if interest rates increase.

(2)
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Q21.
One of TADS' objectives is to expand by giving lessons for different musical instruments. To do this it will
need to analyse its financial position.
Outline one possible financial objective, other than revenue, that TADS might have.
(2)
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Q22.
Outline one reason why a restaurant group is best described as being in the tertiary sector.
(2)
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(ii) Which one of the following is a financial aim for a business? (Total for question = 2 marks)
Select one answer.
A Survival
B Challenge
C Social objectives
D Personal satisfaction

(1)
A Rent paid
B Management salaries
C Insurance agreed
D Raw materials
(iv) Which one of the following is a role of the production function?
Select one answer.

(1)
A Workforce planning
B Quality control
C Customer service
D Staff welfare
TBTS buys its balloon packs from a local supplier for 7.20 Singapore Dollars (SGD) a pack. It sells them
to customers for 16.90 SGD.
(v) Which one of the following is the markup on a pack of balloons?
Select one answer.

(1)
A 7.20 %
B 9.70 %
C 69.84 %
D 134.72 %
TBTS sells balloons in packs of four at a price of 67.60 SGD.
The exchange rate is 1 SGD = 3.05 Malaysian Ringgit (MYR).
(vi) Which one of the following would a customer in Malaysia pay in MYR for 4 balloon packs?
Select one answer.

(1)
A 16.90 MYR
B 22.16 MYR
C 67.60 MYR
D 206.18 MYR
Q23.
Nantgwynfaen Organic Farm (NOF) is a farm growing a range of fruit and vegetables. It has a farm shop
and offers accommodation with breakfast. It was set up by Amanda and Ken Edwards in West Wales, UK.
NOF supports farmers by selling local organic produce in its farm shop. The produce from the farm shop
is served to the visitors staying overnight at the farm.

NOF is committed to being environmentally friendly by recycling, avoiding the use of packaging and
reducing the use of electricity.
The demand for NOF products can be affected by external factors.
State one external factor that could cause a change in demand for NOF products.
(1)
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Q24.
TADS is looking to expand by offering lessons in other musical instruments.
State one reason why this could lead to the business failure of TADS.
(1)
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(Total for Question = 1 mark)
Q25.
State one way TBTS can measure its success as a business.

(1)
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(26) Analyse the importance of good public relations for Tata Motor Company.
(6)
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. . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . . . . . . . . . . . . . . . . . .
(Total for Question 31 = 6 marks)

Q27
Tata Motor Company is always looking to find the right location for its new factories.
Evaluate the factors Tata Motor Company would have to take into account when
making decisions about where to locate new factories. You should use the
information provided as well as your own knowledge of business.
(12)
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. ......... . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . .
. ......... . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . .
. ......... . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . .
. ......... . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . .
. ......... . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . .
. ......... . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . .
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. ......... . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . .
. ......... . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . .
. ......... . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . .
. ......... . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . .
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. ......... . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . .
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. ......... . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . .
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. ......... . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . .
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. ......... . . . . . . . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . .
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(28) Evaluate the factors that make a business, such as HRMW, successful. You should
use the information provided as well as your own knowledge of business.
(12)
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. . . . . . . . . .................................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . .................................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . . . . . . . . . . . . . . . . . . . .
(Total for Question 34 = 12 marks)

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Year 9 Business revision boooklet -BY TR.Boaz 1

Analyse the effect of a decrease in interest rates on Artify Studio.

A decrease in interest rates can have both positive and negative

2. Increased competition: Lower interest rates can encourage new

Year 9 Business revision boooklet -BY TR.Boaz 2

Analyse the importance of location for TADS.

Year 9 Business revision boooklet -BY TR.Boaz 3

3. Competitor actions: The actions and strategies of competitors can

Year 9 Business revision boooklet -BY TR.Boaz 4

1. Increased borrowing costs: If Haji Biriyani requires

It is important to note that the impact of interest rate

Year 9 Business revision boooklet -BY TR.Boaz 5

(i) Which one of the following is an external source of finance?

(ii) Which sector does a clothing retailer operate in?

A Primary ANSWER PRIMARY ( I THINK)

a business with specific social objectives that serve its

(V) Define the term globalisation.

operating on an international scale to provide or produce goods

(vi) What is the markup on a jar of honey?

(Total for question = 6 marks)

A Improved chance of survival (1)

(iii) Which one of the following is a method of primary market research?

Year 9 Business revision boooklet -BY TR.Boaz 7

(Total for question = 6 marks)

Define the term primary sector.

(Total for question = 1 mark)

(Source adapted from: https://backyardshoez.co.ke/)

Define the term profit.

Define the term stakeholder.

(Total for question = 1 mark)

Define the term stakeholder.

(Total for Question = 1 mark)

Year 9 Business revision boooklet -BY TR.Boaz 9

(Total for question = 12 marks)

Explain one advantage of being a sole trader.

(Total for question = 3 marks)

Explain one benefit to a business of being a partnership.

(Total for question = 3 marks)

Explain one disadvantage of being in a partnership.

(Total for Question = 3 marks)

Explain one impact of an increase in interest rates on a business.

(Total for Question = 3 marks)

Explain one measure a business can use to judge its success.

(Total for Question = 3 marks)

Explain one way to measure the success of a business.

(Total for Question = 3 marks)

(Source adapted from: https://backyardshoez.co.ke/)

Outline one impact on Backyard Shoez if interest rates increase.

(Total for question = 2 marks)

Year 9 Business revision boooklet -BY TR.Boaz 16

(Total for Question = 2 marks)

Year 9 Business revision boooklet -BY TR.Boaz 17

(iv) Which one of the following is a role of the production function?

Select one answer.

(v) Which one of the following is the markup on a pack of balloons?

Select one answer.

TBTS sells balloons in packs of four at a price of 67.60 SGD.

The exchange rate is 1 SGD = 3.05 Malaysian Ringgit (MYR).

Select one answer.

(Total for question = 6 marks)