Lucy has a business that designs large fancy new gardens but has sadly recently experienced a fall in sales.
Lucy recorded the following transactions between January and June 2019.
- Money paid to Lucy by her customers £25,000
- Money owed to Lucy by her customers £50,000
- Cash outflow £150,000
Which ONE of the following is the most outcome from the above information?
Select ONE answer:
- Growth
- Franchise
- Insolvency
- Expansion
Show the workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Business Studies KS4 & KS3 classes
The answer is 3
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