Business 0450 · IGCSE · Production of goods and services

Production of goods and services — practice question

(a)[8]

Explain two reasons for FF using job production.

(b)[12]

Look at the following two sources of finance that could be used for working capital when FF’s new shop opens. Which one would be the best source for Kathryn to choose? Justify your answer. Bank overdraft. Trade credit.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Works well for individual/unique products - makes FF more competitive - resulting in higher revenue/sales” …

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