Personal Finance PPT 2
Key terms: Rates, location, courier, customers, reputation, customer service.
Key terms:
Channels.
Staffing
Experience
Qualifications
Flexible staff
Key terms: Bank loan, interest, personal savings, cost of borrowing, cash flow forecast,
business plan, overdraft, business expenses.
• 1 hour exam
• 5 questions. Possible structure:
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•
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•
Q1a and 1b – 4 + 3 marks
Q2 – 6 marks
Q3 – 3 marks
Q4 – 4 marks
Q5 – 7 marks + 3 SPAG
• Out of 30
• Question 5 will be assessed for
SPAG (worth 3 marks)
• Case study will be given in the exam
• Pass mark – 50%
Potential exam questions
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2.
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6.
7.
Explain two skills does Rob have that would make him a successful entrepreneur? 4
marks
Explain two skills Rob may need that would make him a successful entrepreneur? 4
marks
Describe two features that would make Rob’s business stand out from other
competing firms. 4 marks.
Explain three factors (two internal and one external) that might have an impact on
Rob’s business budget. 6 marks.
Explain three factors (two internal and one external) that might have an impact on
Rob’s cash flow. 6 marks.
Explain two possible impacts on Rob’s business to ethically source his products. 4
marks.
Explain different ways that Rob’s business can contribute to the economy. 7 marks.
Knowledge based questions
• Why would flexible staff benefit Rob’s business?
• What tax changes may impact on Rob’s business?
• Why might Rob have borrowed money from the bank rather than using his own
savings?
• Why has Rob chosen to locate near universities?
• Why is a good reputation important for businesses such as Rob’s?
• What would appear in Rob’s budget?
• What legislation or tax changes would increase or decrease the demand for Rob’s
business?
• How could Rob benefit from his business being a success?
• Why has Rob chosen to source his products ethically and promote this fact?
• How could Rob’s business benefit the economy and society?