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1.4 Making the business effective

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Question 7

Which statement best distinguishes ownership from franchising?

[1]
A

Franchising is a way to operate another firm's model, while the franchisee still chooses a legal ownership form

B

Every franchise is automatically a private limited company with public shareholders and limited liability regardless of registration

C

Sole traders cannot buy franchises because all franchisees have limited liability

D

A partnership is a franchise whenever its owners share decisions

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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