Have an account?
More owners means more disagreements for what type of structure?
_______________is a legal term for being held accountable
Disadvantages for this type of business include: owner pays for everything, hard to get money to start from the bank, owner might lack skills & unlimited liability.
Limited liability company
Which of the following is likely to be the main factor influencing the location of a small barber shop? Proximity to:
A business has the choice to locate at Site A, which is close to the market, or Site B, which is close to materials and labour. The benefit of choosing Site A over Site B is that it is close to:
Which of the following statements is true in relation to business aims and objectives?
Aims are specific and objectives are general
Aims and objectives are both general
Aims are general and objectives are specific
Which of the following stakeholders is most likely to have profit as an objective?
Which of the following type of objective would an entrepreneur set who is aiming to ensure revenue is greater than total costs?
Market share objective
Survival in a business situation means:
Making products cheaper than competitors
Making sure the business continues to operate
Making less profit than last year
Providing good service rather than making profit
All partnerships must be 50 - 50?
A sole proprietor can be described as
Having a partner
have a boss
having stock options
Cost price is...
how much you pay for something.
how much you sell something for.