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MASTERING A-LEVEL BUSINESS 2025 || PAPERS 1-3 || WITH OFFICIAL MARKING GUIDES & ANSWERS
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84

May 2025

2024/2025

A+
Benefits of high gearing - ANSWER Less capital required to be invested Debt relatively cheap vs dividends Easy to pay interest with good cash flow Change management - ANSWER involves the process that ensures a business responds to the environment in which it operates Step change - ANSWER Dramatic or radical change in one fell swoop Often required when a business has suffered from strategic drift Often involves significant alteration in the business Gets it over quickly / decisively...
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