A - Level Business Paper 3 March 2024 Answers

A - Level Business Paper 3 March 2024 Answers Social enterprise - AnswersA business that trades with the objective of improving human or environmental well-being - charities and workers' co-operatives, for example. What is an advantage of a social enterprise? - AnswersCustomer loyalty. What is a disadvantage of a social enterprise? - Answers What are some sources of finance? - AnswersCrowd funding, family, friends, business angels. What is an advantage of sourcing finance from crowd funding? - AnswersCan provide large numbers of investors. What is a disadvantage of sourcing finance from crowd funding? - Answers What is an advantage of sourcing finance from family and friends? - AnswersLow or no interest rates. What is a disadvantage of sourcing finance from family and friends? - AnswersCould lead to a loss of friendship or family relations. What is an advantage of sourcing finance from business angels? - AnswersMay gain advice and guidance from a business specialist. What is a disadvantage of sourcing finance from business angels? - AnswersDifficult to find 'Angels' and in exchange for investment they normally take a stake in the business so must have a shared interest