Makeda 2023 - 2024 Prep

CLASSWORK

Identify FOUR types of services provided by commercial banks.

i. Outline THREE characteristics of a credit union.

ii. Define the term ' budgeting'.

iii. State TWO purposes of budgeting.

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Sources of Finance

https://www.gcsebusiness.com/uploads/2/6/7/8/26787454/sources_of_finance_presentation_notes_1.pdf

Pages: pages 1, 2, 4, 8, 9, 10, 12, 13, 14, 15, 18, 27, 28, 29, 33

Homework:

1. Paul’s taxi business has now been operating for two years. He wants to expand by buying another taxi and employing two drivers on a shift system.

a) What source of finance is suitable for Paul’s business?

b) When would you advise Paul to take out a bank loan to expand his business?

2.Company A is a Private limited company that sells fashion clothing. It needs $15,000 to decorate its shop.

a) Advise Company A on the source of finance that would be suitable.

b) Explain why you would choose this source rather than the other sources.

Please make notes & diagrams from the video:

Business Activity & Marketing Review

https://www.cncs.school/_site/data/files/students/departments/business/Revision-booklet-paper-1-GCSE.pdf

Comments

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