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Business Studies · May / June 2025 · Paper 12 · Question 3

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The question as text

Hal wants to be a successful entrepreneur. He plans to leave his job to start up a bakery. The bakery will operate in the private sector. The business will have many stakeholder groups. Hal has been told it is important for a new business to select an appropriate source of start-up capital. He also knows new businesses are at a greater risk of failure.

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Show the answer and mark scheme
  • 3(a)[2]

  • 3(b)[2]

  • 3(c)[4]

  • 3(d)[6]

  • 3(e)[6]

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