Cerrar
Give two reasons why someone might start a business
Do charities aim to make a profit
What is a social enterprise
What is meant by calculated risk
List 5 qualities that an entrepreneur is likely to have
Which two of these are problems if you area sole trader-long hours -unlimited liability- smelly fish
What does a sole trader gain and lose if it becomes a partnership
If you own part of a business and the business goes bankrupt , would you rather have limited or unlimited liability ? Why?
Limited companies have a separate legal identity, what does this mean ?
What is a franchise?
Describe two benefits of franchising for the franchisee
Describe two disadvantages of franchising for the franchisee
List seven types of business aim
Explain the difference between a business aim and a business objective
Describe one use of business objectives
Describe how a business could use numerical targets to assess its performance over a year
Describe how a business could determine whether its met its objectives for being ethical
What is a stakeholder
Name two internal stakeholders
Name two external stakeholders
Explain why the shareholders of a business and consumers might have different opinions about how successful a business is
Who are the most important stakeholders and why
Describe the purpose of a business plan
Describe the things that should be included in a business plan
Why isn't a good business plan a guarantee of success
Why might some firms choose to locate production closer to their raw materials than their customers?
List four other factors that need to be considered when choosing a business location
