Year 8 Business

What is the main goal of a business

• to get workers

• to make a profit

• to get resources

• to make products

Which business structure is owned by 1 person?

• Sole Trader

• Franchise

• Proprietary

• Partnership

Sole traders have...

• limited liability

• unlimited liability

Proprietary businesses have..

• limited liability

• unlimited liability

• Both

How do businesses use technology?

• Communication

• Sharing resources

• Presentations

• Conferencing

How many owners in a proprietary company

• 2-50

• 2-30

• 4

• 6

Describe some advantages of a proprietary company.

Describe some disadvantages of a sole trader

Define automation

Which of the following jobs are not likely to be automated in the future?

• retail checkout

• teacher

• psychologist

• sales assistant