Introduction to Business

The joys of being a Sole Trader are

• You can work when you want and still make money

• You are the boss

• You don't need to ask for anyone's permission to do anything

• You keep all the profits

As a Sole Trader it can be lonely

• True

• False

A Public Limited company can

• Sell it's shares to people

• Have to give the shareholders their say in the business

• Can get rid of shareholders without giving the shareholder notice

• Have as many people as they like working for them

The purpose of a business is to survive

• False

• True

Which could be an AIM of a business

• To supply as much of their goods to as many people as possible

• Donate 1% of profit to charity every year

• Growth sales by 20% in 2 years

• To improve the health of people in their 50s to 8o's

Businesses do not care how their products are made

• True

• False

By using objectives businesses can measure how well they are doing

• True

• False

Partnerships have unlimited liability

• False

• True

SME's means

• Small, Medium entertainment

• Small and Medium customers

• Small and Medium Enterprises

SME's can operate from the following places

• Offices

• Online

• A person's home

• High street shop