40, 27 Indicative content 14 Advantages of crowdfunding (12) Can be a quick way to raise finance with no upfront fees Can be a valuable form of marketing and result in media attention Get feedback on your idea and expert guidance on how to improve it Good way to test the public s reaction to your product/idea Investors can track your progress, which can help to promote the brand through their networks Ideas that may not appeal to conventional investors can often get financed more easily Investors can often become loyal customers through the financing process Disadvantages of crowdfunding Can take a very long time to raise finance Some types of crowdfunding involves giving something away (eg equity crowdfunding involves giving away part of the ownership/control/equity of the business in return for funds) Not all projects that apply to crowdfunding platforms get onto them You need to do a lot of work in building up interest before the project launches If you don t reach your funding target, any finance that has been pledged will usually be returned to your investors and you will receive nothing Failed projects risk damage to the reputation of your business and people who have pledged money to you Can be difficult to set the rewards for investors - getting the rewards or returns wrong can mean giving away too much of the business to investors May be too small an amount to consider using crowdfunding Accept any other appropriate response. such as your car. Demonstrates the use of logical reasoning, clarity, and appropriate Level 4 10 12 Demonstrates accurate and thorough knowledge and 42, 30 For more information about Edexcel, BTEC or LCCI qualifications visit qualifications.pearson.com BTEC is a registered trademark of Pearson Education Limited Pearson Education Limited. relevant information with a few omissions. Meaning may be conveyed but in a non-specialist way; response lacks clarity and fails to provide an adequate answer to the question. 35, 22 3 5 6 Demonstrates accurate and thorough knowledge and understanding of relevant information; any gaps or omissions are minor. action/repossession/ remain solvent/avoid modified according to how securely all bullet points are displayed at Personal and Business Finance. He has given you the following financial information about his last two years of trading. . Extract of financial information for Waterz, (c) Analyse the financial performance of Waterz over the last two years. endstream endobj Answers may cover some or all of the indicative content but understanding of relevant information; any gaps or omissions tD"%7uj(IkC4G Gx&XwD+9fr]]%Qp"%(Zdo`_s|K1n";)fL`u&0O&9(R| ZEgIx However improved profits should help increase cash flow in the longer term 39, 26 scheme (award up to 10 marks) refer to the guidance on the cover of this document for how to apply levels-based mark schemes*. Flower; Graeme Henderson), Introductory Econometrics for Finance (Chris Brooks), Commercial Law (Eric Baskind; Greg Osborne; Lee Roach), Tort Law Directions (Vera Bermingham; Carol Brennan). Secured debts can be included. information. could have for a small business such as Waterz. Level Demonstrates accurate and thorough knowledge and understanding of relevant information; any gaps or omissions are minor. Mark scheme (award up to 8 marks) refer to the guidance on the cover of this hUkO0+& !Hk)Mlxm6#)$J}s)PBQHu dE@"10I)Iv; Zu}tH_9 lCG&+G[r-8`vVZej_Q}u2_[p?8vYg09[F{+^~r1t)fd-!M!4lWMkkB=*m^E^t:~) Zn1#w7>d8-ME&4&. Evidence of application demonstrating some linkages and Provides little evidence of weighing up of competing arguments/pros and cons in context; discussion likely to consist of basic description of information. Marks will be awarded towards the top or bottom of that band, Which industry, Chapter Objectives Chapter 6. information; there may be major gaps or omissions. being presented. Displays a well-developed and balanced discussion, demonstrating a thorough grasp of competing arguments/pros and cons in context. Across all the papers a wide range of subject content will be examined. Mark Scheme (Results) June 201 BTEC Level 3 National in Business / Enterprise and Entrepreneurship Unit 3: Personal and Business Finance (31463H) Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the world's leading learning company.
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