GCSE Business Studies

How many people can be in a partnership?

• 2
• 2-10
• 2-20
• 200

what is unlimited liability?

• Personal possessions CAN be taken to repay a debt
• Personal possessions CANNOT be taken to repay a debt

What is a sole trader?

• One person who works for a business
• One person who sues a business
• One person who leaves a business
• One person who owns and runs a business

what does PLC stand for?

• Public Limited Company
• Private Limited Company

What does LTD stand for?

• Public Limited Company
• Private Limited Company

What happens in the primary sector?

• Raw materials are sourced
• Products are made
• Products/services provided to customers

What happens in the secondary sector?

• Raw materials are sourced
• Products are made
• Products/services provided to customers

What happens in the tertiary sector?

• Raw materials are sourced
• Products are made
• Products/services provided to customers

Which sector would a FARMER be part of?

• Primary
• Secondary
• Tertiary

What sector would a SCHOOL be part of?

• Primary
• Secondary
• Tertiary