Business Studies · Oct / Nov 2023 · Paper 12 · Question 1

Paolo wants to start up a business making cakes. He plans to sell all of his products to a wholesaler. Paolo knows the packaging for his products will be important. He has prepared some financial and sales data. An extract from this data is shown in Table 1.1. Paolo is considering using crowdfunding as a source of finance. He knows the business will also need working capital. Table 1.1 Extract from Paolo’s financial and sales data Average price per cake $6 Average cost per cake $4 Forecast average number of cake sales per day 50

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