Business Management and Accounting
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Latest content Business Management and Accounting
What is a business? - answer-establishment where money is traded for a good or service 
 
Good - answer-tangible / physical item that can be stored 
 
Service - answer-an intangible item that cannot be stored 
 
Sole Trader - answer-- owned and operated by one person 
- owner has total responsibility 
- owner has sole right to all profits 
 
Sole Trader Advantages - answer-- simple and inexpensive to start up 
- owner keeps all profit 
- owner makes important decisions on their own 
 
Sole Trade...
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Business Management and Accounting•Business Management and Accounting