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Choosing a legal structure

Choosing a legal structure

Liability means deciding whose money pays the business's debts. With unlimited liability, the owner and the business are treated as the same legal thing. With limited liability, the company is legally separate from its owners.

1.4 Making the business effective Lesson

  1. GCSE
  2. /Business
  3. /1.4 Making the business effective

Step-by-step lessons on Edexcel GCSE Business 1.4 Making the business effective, covering 1.4.1a Limited liability, 1.4.1b Types of business ownership for start-ups, 1.4.1c Franchising, 1.4.2a Factors influencing business location, 1.4.2b Impact of the internet on location, 1.4.3a What the marketing mix is, 1.4.3b Balancing the marketing mix, 1.4.3c Impact of technology on the marketing mix, 1.4.4a The role and importance of a business plan, and 1.4.4b The purpose of planning business activity. Each one builds up to exam-style questions. Start by mastering business terminology and the functional areas (marketing, finance, operations, HR) before moving on to the extended, evaluation-heavy questions that carry the most marks.

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