Making the Business Effective (Edexcel GCSE Business)

Which one of the following is a characteristic of a sole trader?

Select one answer.

Read the following extract before answering.

Outline one way that a business plan could have helped Joe Thwaites when starting Loco.

Which one of the following is a disadvantage of starting a partnership?

Select one answer.

Outline one disadvantage to a small business of operating as a private limited company.

Outline one benefit to a small business owner of running a franchise.

Which two of the following types of business ownership typically have unlimited liability?

Select two answers.

Outline one reason why a sole trader may choose to become a partnership.

Alana believes there is a market for dog sitting services in her local area and has carried out a survey. Some of the results are shown below.

According to the table, which one element of the marketing mix should Alana focus on when marketing her business?

State one impact of technology on the marketing mix.

Which two of the following are commonly included in a business plan?

Select two answers.

Read the following extract before answering.

Outline one factor that is likely to determine Last Course Patisserie's pricing strategy.