Business 7115 · O Level · Production of goods and services

Production of goods and services — practice question

(a)[8]

Explain two reasons for FF’s use of job production.

(b)[12]

Consider the following two sources of finance that could be used to provide working capital when FF’s new shop opens. Which 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: “Well suited to individual/unique products - helps it compete more effectively - which can increase revenue/sales” …

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