1. Personal Finance PPT 2

2. Key terms: Rates, location, courier, customers, reputation, customer service.

3. Key terms: Channels.
Staffing
Experience
Qualifications
Flexible staff

4. Key terms: Bank loan, interest, personal savings, cost of borrowing, cash flow forecast, business plan, overdraft, business expenses.

5. 5 questions. Possible structure:
1 hour exam
5 questions. Possible structure:
Q1a and 1b – 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%

6. Potential exam questions
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.

7. 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?