Quick questions on Business planning - OCR GCSE Business

2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is q1?

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State two reasons a bank would want to see a business plan before lending. [2 marks]

What is q2?

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A plan forecasts inflows of

5{,}000

and outflows of

4{,}200

in a month, with an opening balance of

1{,}000

. Calculate the closing balance. [2 marks]

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