(a)[2]
Define the term government grant.
(b)[3]
Explain one advantage of using retained earnings as a source of business finance.
Business 9609 · AS & A Level · Sources of finance
Sources of finance — practice question
Worked solution & mark scheme
This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Clear definition: money provided by the government to a business (often not requiring repayment) or used to finance a project/operation such as job creation/initiative.” …
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