Whole Of Aqa Gcse Business Paper 2 Already Passed

Advantages of Loss Leader {Ans: - attracts many customers and benefits from higher overall profits from other products - can be used as a promotional strategy}Cash flow forecast {Ans: Predicts the cash inflows and outflows in future periods, usually months or quarters.}Loss leader {Ans: An item priced at or below cost to draw customers into a store.}Secondary market research {Ans: Process of obtaining information that already exists within the company or that can be obtained from outside sources e.g articles}Being sustainable {Ans: Working in a way that doesn't damage the Earth for future generations}Loans {Ans: - Bank loans - can seize a firm's assets if not repayed - Loans from friends and families - may create a share in profits between the person lending and the firm - Mortgages: used to finance buying property - bank can seize this property if the mortgage is not repayed}Disadvantages of loss leader {Ans: - a loss is made if customers don't buy other products}Disadvantages of trade credit {Ans: [SHORT TERM] If the firm makes the payment too late they could end up with a large fee}Competition {Ans: Prices change depending on competitor prices}Issues with