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Higher Business Management Finance Exam QuestionsAnd Answers
- Exam (elaborations) • 10 pages • 2024
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Higher Business Management Finance Exam QuestionsAnd Answers Advantages of a Bank Loan - ANSWER-- the business can budget for the repayments 
- purchases of essential equipment can be made in 
 advance and paid back over a number of years 
 
.Advantages of a Bank Overdraft - ANSWER-- usually easy for a business to arrange with its 
 bank 
- it allows a business to continue to pay its 
 expenses, despite there b...
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Business Management
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Discover the ultimate study companion for mastering the complexities of Business Management. Our best-selling notes provide comprehensive coverage of essential concepts, strategies, and frameworks to excel in your studies.
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Higher Business Management (Full Course) Questions and Answers ( Verified solutions)
- Exam (elaborations) • 61 pages • 2024
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Higher Business Management (Full 
Course) 
Questions and Answers ( Verified solutions) 
Business - ANS- Any organisation working towards a set of objectives 
Goods - ANS- Things we can see and touch 
Durable Goods - ANS- Things we can use again and again 
Non-durable goods - ANS- Things we can use only once 
Service - ANS- A thing that is done for us 
Wants - ANS- Non-essential things we would like to have 
Needs - ANS- Essential things for survival 
Land - ANS- An economic term meaning natural...
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Higher Business Management (Full Course)
- Exam (elaborations) • 40 pages • 2023
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Goods - correct answertangible products that we use to satisfy our wants and needs 
 
Services - correct answerintangible products 
 
Trade Descriptions Act - correct answera law whereby a good or service must do what the advertising claims 
 
Monopolies and Mergers Act - correct answera law aimed at preventing domination of a market by one or two firms 
 
ITC - correct answerIndependent Television Comission 
 
Monopoly - correct answer(economics) a market in which there are many buyers but only...
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