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Which source of finance could be given to a business to create jobs in areas of high unemployment? A Government grant B Mortgage C Share issue D Trade credit - AQA - GCSE Business - Question 3 - 2023 - Paper 2

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Which source of finance could be given to a business to create jobs in areas of high unemployment? A Government grant B Mortgage C Share issue D Trade credit

Worked Solution & Example Answer:Which source of finance could be given to a business to create jobs in areas of high unemployment? A Government grant B Mortgage C Share issue D Trade credit - AQA - GCSE Business - Question 3 - 2023 - Paper 2

Step 1

Identify the source of finance for job creation

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Answer

In this scenario, the most appropriate option is A Government grant. Government grants are often provided to businesses specifically for the purpose of creating jobs, especially in areas of high unemployment. Unlike loans or credits, a grant does not require repayment, making it an ideal source of funding for initiatives aimed at reducing unemployment.

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