Hypothetical and Actual Businesses

The following syllabus points should have been covered in the relevant section of the content delivery. 

This section provides a perfect opportunity to undertake some research and write some short responses. 

Each of the following points are framed as a question.

Use the NESA Directive Terms sheet and the sample responses to help you build a strong response!

Investigate aspects of business using hypothetical situations and actual business case studies to:

• identify the qualities of managers who have exhibited high personal and ethical standards

• analyse different ways of coordinating key business functions for an SME

• examine effective cash flow management

• assess the role of the income statement and the balance sheet when describing the financial performance of a business

• explain how SMEs manage change effectively