Business Studies GCSE - Starting a business

What is a business?

Why do businesses exist?
(bullet point reasons)

Why start your own business?
(bullet point reasons)

What are the three business sectors?

What is the primary sector?

What is a secondary sector?

What is the tertiary sector?

What is a franchise?

What is a franchisor?

What is a franchisee?

What are the advantages of buying a franchise?

What are the disadvantages of buying a franchise?

What is a niche?

What is an objective?

What are the types of business aims?

What is a stakeholder?

What is a business plan?

What goes into a business plan?

Why is a business plan important?

What are the difficulties of business planning?

What is a sole trader?

What is a partnership?

What is a private limited company?

What is unlimited liability?

What are the advantages of a sole trader?

What are the disadvantages of a sole trader?

What are the advantages of a partnership?

What are the disadvantages of a partnership?

What are the advantages of a private limited company?

What are the disadvantages of a private limited company?

What is a dividend?

What is a capital?

Why is location important to a business?