Btec business
questions and answers
Public bodies - answer Have been set up and funded by the goverment
Unlimited liability - answer No limit to how much debt a sole trader is
legally responsible to pay
limited liability - answer Shareholder is only responsible for the amount of
debt that matches their investigation
Co-operatives - answer A business owned and run by its members
sole traider - answer When a person such as a personal trainer, trades as
an individual
Growth - answer The process of increasing in size e.g recruiting more
people or increasing income.
service quality - answer Demonstrates that public money is being used
effectively by meeting customers needs.
Partnership - answer When two or more people wish to come together to
form a business
Advantages of good customer service - answer Good reputation, publicity,
increase sales, recommendations, complaints dealt with effectively
Private limited companies - answer Smaller business organised with
shareholders who invest money to buy a share of the company
questions and answers
Public bodies - answer Have been set up and funded by the goverment
Unlimited liability - answer No limit to how much debt a sole trader is
legally responsible to pay
limited liability - answer Shareholder is only responsible for the amount of
debt that matches their investigation
Co-operatives - answer A business owned and run by its members
sole traider - answer When a person such as a personal trainer, trades as
an individual
Growth - answer The process of increasing in size e.g recruiting more
people or increasing income.
service quality - answer Demonstrates that public money is being used
effectively by meeting customers needs.
Partnership - answer When two or more people wish to come together to
form a business
Advantages of good customer service - answer Good reputation, publicity,
increase sales, recommendations, complaints dealt with effectively
Private limited companies - answer Smaller business organised with
shareholders who invest money to buy a share of the company
