7 (a) State one example of a cash outflow for That Feeling - Edexcel - GCSE Business - Question 7 - 2021 - Paper 1
Question 7
7 (a) State one example of a cash outflow for That Feeling.
(1)
Figure 2 shows the age of entrepreneurs starting businesses in the UK since 2000.
Figure 2
(b) Us... show full transcript
Worked Solution & Example Answer:7 (a) State one example of a cash outflow for That Feeling - Edexcel - GCSE Business - Question 7 - 2021 - Paper 1
Step 1
State one example of a cash outflow for That Feeling.
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Answer
One example of a cash outflow for That Feeling is the rent for the barber shop premises. This cost is necessary for maintaining a physical location from which the business operates.
Step 2
Using the information in Figure 2, identify what percentage of entrepreneurs were in the same age range as Justin when he started That Feeling.
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Answer
According to Figure 2, 10% of entrepreneurs starting businesses were aged between 16 to 34, which is the same age range as Justin when he started That Feeling.
