What is a sole trader?
Advantages & Disadvantages of being a Sole Trader
What is a partnership?
Advantages and Disadvantages of a partnership
How can the business meet it's objective of increasing sales revenue?
Name 2/3 new objectives for the business other than to survive
What is a cashflow forecast?
What sources of finance could the business use to purchase the new machinery?
Why do business objectives change?
A business may wish to change the form of ownership from being a Sole Trader as the business expands.
Suggest a suitable form of ownership.
Characteristics of a Private Limited Company
What are two types of Market Research
Name and describe the 3 different methods of production
Define USP
What is quality control & Total quality management?
What are quality circles?
Difference between full and part time staff?
How can staff be motivated?
What are the stages of the recuitment process?
PESTLE for the business
What distribution techniques could be used?
How could the business become more environmentally friendly?
What are the current objectives of the business?