Name

15.5
C

East Glendalough School

Business

Getting Started

Read the information supplied and answer the question which follows.
Having been made redundant, Lia OBrien has decided to set up her own enterprise manufacturing individually
designed disposable tableware and paper cups for small coffee shops and restaurants. She recognises,
however, that having an idea and having the will to succeed will not be enough to ensure success.
Discuss the key issues Lia will have to address before setting up her business enterprise. (15)

14.6a
A

Read the information supplied and answer the questions which follow.
Sarah Fleming is a wedding dress designer and has worked for over 20 years in the bridal and clothing
industry. She specialises in creating unique wedding dresses with an emphasis on personal service. Business
is good and Sarah has applied for a bank loan of 10,000 to finance expansion.
(i)
(ii)
(iii)

Name the type of production process used by Sarah.

Outline two challenges for Sarah of this type of production process.
Discuss two implications for Sarah of changing to another type of production process. (25)

14.7c
Discuss three challenges facing business start-ups. (15)
12.6
C

Zac Computing Ltd, an innovative new technology business, considers its business plan to be an essential
document in the context of a business start-up and future growth.
(i)
(ii)

12.2a
A

Explain the term business plan.

Evaluate the importance of a business plan to an innovative new technology business.

Choosing an appropriate business structure is a key element of a business plan.

Discuss Co-operatives and Private Limited Companies as forms of business ownership, using the following
headings:
Formation;

Liability;

Finance;

Control

(25)

11.2b
B

Describe the steps involved in the formation of a Private Limited Company. (20)

11.7a
A

Discuss two possible challenges associated with starting a new business. (20)

08.7a
A

Outline the benefits for a new business of preparing a Business Plan. (15)

06.6a
A

05.5a
A

Draft a business plan for this proposed new business using five main headings, outlining the contents under
each heading. (40 marks)

(i)
(ii)

What is a business plan?

Explain its role in business start ups.

(20 marks)

02.6ab
A
Explain the importance of a Business Plan. (20 marks)
B

Draft a business plan for this business venture under five main headings. State relevant assumptions
where necessary. (40 marks)

M. Galligan
B. Reid

Page 1 of 2

N:\1m\Dropbox\business\qbc\5d.doc

Name

East Glendalough School

Business

Getting Started

Applied Business Questions

03a
A
Analyse one short term and one long term source of finance available for the business start up. (30 marks)

M. Galligan
B. Reid

Page 2 of 2

N:\1m\Dropbox\business\qbc\5d.doc