Edexcel AS/A Level Business

Cambridge College

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business A level Cambridge book , chapter 13 organizational structure business A level Cambridge book , chapter 13 organizational structure
  • Summary

    business A level Cambridge book , chapter 13 organizational structure

  • My notes provide a structured overview of key organizational structures in Business Studies, focusing on functional structure, hierarchical structure, matrix structure, and the roles of line and staff managers. functional structure groups employees based on specialized roles such as marketing, finance, and operations, highlighting its advantages like efficiency and specialization, as well as drawbacks such as poor communication between departments. The hierarchical structure is described a...
  • naveedsaliha287
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Edexcel AS/A Level Business - Theme  1.5.4 Forms of Business Q&A 2023  Latest Update A+
  • Exam (elaborations)

    Edexcel AS/A Level Business - Theme 1.5.4 Forms of Business Q&A 2023 Latest Update A+

  • Sole traders - • An individual who owns and run their own business. They are unincorporated and is registered as self-employed by HMRC. • They own all the business assets personally and is responsible for the business debts and are legally responsible to keep records of all income and expenses. • At the end of the year, they need to fill in the self-assessment tax return. They have unlimited liability - the legal obligations general partners and sole proprietors because they are l...
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