Could this be the exam in 2004? Business Studies Unit 1 June 2004 1.Read the extract and answer all parts of the question which follows. "The starting point is usually an idea for a new business. Often this stems from a thoughtful look at (or analysis of) your local area. Is the district lacking a photo processing outlet, a shoe repair/key cutter or a Pizza Hut? If so, perhaps it is time one opened up. Or is …showed first 75 words of 3333 total…

…showed last 75 words of 3333 total…UK and comment on the criteria likely to be involved before loans are made. (15 mks) 5.Evaluate ONE possible government policy either in the UK or your own country, towards the reduction of poverty. Why is the reduction of poverty so important to all of society - including businesses? (15 mks) 6.The interest on the loan was 10% a day! How are interest rates calculated? (10 mks) 7.How might a rise in interest rates affect a small business? (9 mks)