a. state one non-financial aim of a business (1)

c. Explain one way in which a fall in the exchange rate might affect a business. (3)

d. Explain one disadvantage of operating as a sole trader. (3)

e. Ismail read in a newspaper that interest rates in Bahrain were likely to rise in 2017. Explain one possible effect on a business of an increase in interest rates. (3)

f. In 2017, Ismail was informed that his rent in the shopping mall would double. As a result of the news, Ismail was considering to options: Option 1: Move his shop to a Bahraini side street where rent is very cheap. Option 2: Cease trading from a shop and set up an online business selling jewellery. Justify which one of these two options Ismail Should choose. (9)