1.4. Types of business organisation
A subsection of Business Studies, 7115, through 1. Understanding business activity
Listing 1 of 1 questions
Sarah set up a business as a sole trader running a nursery for small children too young to go to school. The business is successful and has opened a number of new nurseries. Sarah took on a business partner in 2007. Growth has continued and now the business has 10 nurseries in different towns and villages. Sarah is planning to open another nursery and is looking for a suitable location. What is meant by the term ‘sole trader’? A nursery school is classified as a tertiary sector activity. Identify two other examples of businesses that are also in the tertiary sector. Example 1: Example 2: Identify and explain two advantages to Sarah of having a business partner. Advantage 1: Explanation: Advantage 2: Explanation: Identify and explain three factors Sarah should consider when choosing a suitable location for a new nursery. Factor 1: Explanation: Factor 2: Explanation: Factor 3: Explanation: Do you think that it would be a good idea for Sarah to continue to expand her business? Justify your answer.
7115_s11_qp_11
THEORY
2011
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