Flashcards
A Level Business: Business Structure Flash Cards
[Show more]
Preview 3 out of 10 Flashcards
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.
Flip
Seller
Follow
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller jakestudynotes. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £2.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67474 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now