GCSE Business 2020-2022 OCR: What would High Interest Rates do to Businesses Directly?

Question

What would High Interest Rates do to Businesses Directly?

go kys · Accepted Answer

-Loans will become more Expensive - Lowering Rate of Expansion or Competition 
-Costs Increase due to Existing Loans, Overdrafts will be Higher
-Business may Save rather then Take Out - Lowering Investment
-Business may Default

GCSE Business 2020-2022 OCR

What would High Interest Rates do to Businesses Directly?

-Loans will become more Expensive - Lowering Rate of Expansion or Competition -Costs Increase due to Existing Loans, Overdrafts will be Higher -Business may Save rather then Take Out - Lowering Investment -Business may Default

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