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T MOAR vd
Brendan wants to be a successful entrepreneur. He plans to start up a flower shop using government
support. Brendan's brother has offered to form a business partnership with him. Brendan knows it
is important for a new business to use a suitable pricing method. He has already identified ways
the business can increase added value. Brendan wants to know how an economic boom might
affect his business.
(a) Define ‘business partnership’.
(2)
(b) Identify two ways a government can support business start-ups.
Way 1:
Way 2:
(2)
{c) Outline two ways an economic boom might affect Brendan's business.
Way 1:
[4]