GCE Marketing 2025 Objective — Question 26
Question 26 of 40 from the General Certificate of Education (GCE) Marketing 2025 Objective paper, with the correct answer and a full explanation.
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Funds sourced by a baker from the previous year's profit for expansion are
- A. personal savings
- B. bank loan
- C. bank overdraft
- D. retained earningsCorrect
Explanation
Retained earnings are profits that a company keeps and reinvests in the business rather than distributing as dividends; using the previous year's profit for expansion represents retained earnings.
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