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Business structures (GCSE) Flashcards | StudBud
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Business structures (GCSE)
Business structures (GCSE)
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test your starter knowledge on these questions #colstons #A65 #businessstructure
Flashcards
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Questions
10
Answers
1
a business that sells the right for someone else to use its name is a ......
not for profit organisation
franchise
sole trader
cooperative
2
a disadvantage of a franchise is...what?
staff can leave at any time
you don't make any decisions yourself
it is harder to get well known
you have to share the profits with the franchisor
3
an advantage of a partnership is....
you are able to share decisions making and responsibility
more chance of promotion
the company is bigger
you lose control
4
what kind of company sells its shares on the stock market?
franchise
public limited
partnership
private limited
5
what is the main advantage of being a sole trader?
you have unlimited liability
chance to share ideas with others
you have full control of the business
you have more responsibility
6
what is a partnership?
where two businesses work together
where shares are sold to other investors
shares are held by just the owners
a business owned by more than one person
7
a disadvantage of a franchise is.... what?
other shops sell the same thing
you get support
you are restirtced on the products you can sell
you can make more decisions
8
who controls a public limited company?
the employees
the owner
shareholders
the managers
9
a firm that chooses who can be a shareholder is...what?
sole trader
private limited
public limited
cooperative
10
what is meant by 'limited liability'?
the number of shares issued by a firm
liability is limited to the value of the investment
an investor has no responsibility for the firm's debts
the debts of the firm are equally shared between investors
