Which of the following is a current liability?
A - AQA - GCSE Business - Question 1 - 2022 - Paper 1
Question 1
Which of the following is a current liability?
A. Cash at bank
B. Money owed to suppliers
C. Mortgage owed
D. Property owned
Worked Solution & Example Answer:Which of the following is a current liability?
A - AQA - GCSE Business - Question 1 - 2022 - Paper 1
Step 1
Identify two fixed costs for a business.
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Answer
Rent for premises
Salaries for employees
Step 2
Explain one advantage of a strong brand image for a business.
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Answer
A strong brand image can cultivate customer loyalty. When customers identify with a brand and trust its quality, they are more likely to repurchase products and recommend them to others. This can lead to increased sales and market share.
