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VCE business management Unit 3 & 4  (notes) Questions and Answers ( Rated
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    VCE business management Unit 3 & 4 (notes) Questions and Answers ( Rated

  • VCE business management Unit 3 & 4 (notes) Questions and Answers ( Rated A) Sole trader - ANS- A sole trader is a business that is run and owned by one person. The sole owner provides all financing and is responsible for decision making. What are the advantages of being a sole trader? - ANS- Owner keeps all profits: All profits are kept and the owner doesn't have to share with partners Low cost of entry: It doesn't cost much, so a sole trade can operate right away e.g don't have to...
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VCE business management Unit 3 & 4 (notes)
  • Exam (elaborations)

    VCE business management Unit 3 & 4 (notes)

  • VCE business management Unit 3 & 4 value for money in buying the product -Providing better support for customers so the business gains a reputation for its after-sales service e.g. extended warranties -Highly effective sales and marketing campaigns -Improved delivery systems e.g. Domino's 20 minute delivery guarantee What is leadership? - correct answer Leadership is the ability to influence and motivate employees of a business to achieve objectives. -a leader cannot be one dim...
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