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1.4 Making the business effective

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Question 5

Lena wants full control of a low-cost tutoring start-up but is worried that business debts could affect her home. Which conclusion is most accurate?

[1]
A

A sole trader provides limited liability while keeping full control of every decision and protecting all personal assets

B

A partnership removes liability even if no partner joins

C

A franchise always protects personal assets regardless of its legal form

D

A private limited company may protect personal assets, but brings additional responsibilities

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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