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1.4 Making the business effective

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Question 3

Which is a characteristic of a sole trader?

[1]
A

The business must have at least two owners

B

One person owns and controls the business

C

Shares are sold privately to investors

D

The franchisor makes every daily decision

Markscheme

1.4 Making the business effective Questions

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

37 exam-style questions 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 has a worked solution and a mark scheme showing where the marks go.

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