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A Level Business: Business Structure Flash Cards
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State 2 negatives of a sole trader business.
State 2 negatives of a sole trader business.
- Unincorporated and unlimited liability, owner can be at risk financially.
- Hard to raise finance for the business since there is only one owner.
State some of the main aims of a private sector business.
State some of the main aims of a private sector business.
- Profit maximisation
- Survival
- Improve reputation
- Maximise growth
- Increase efficiency
- Meet social and ethical aims
- Gain a market share
What is the maximum amount of people you can have in a partnership?
What is the maximum amount of people you can have in a partnership?
20.
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