Happy Covers was started by Lucy in 2017. The business hires out chair covers and ribbons for weddings, school proms and other events.
Which ONE of the following is an example of a calculated risk for Lucy’s business?
Select ONE answer:
- Sales have increased by 10 % in the past 12 months
- Expenses have increased by 15% in the past year
- Profit for the year has decreased by 3.5%
- There is a 30% chance of his business failing
Show the workings to arrive at your answer, and explain and justify your reasons:
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This multiple-choice question is suitable for Business Studies KS4 & KS3 classes
The answer is 4
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