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WorksheetsBusiness Studies Grade 7 Formal and Informal Businesses
Total questions: 10
Worksheet time: 8mins
Access to business loans
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
Little chance of business growing or being stable
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
No or minimal costs to establish
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
Tax and levies increase business costs
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
Do not get taxed due to not being registered
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
Attract skilled or highly-skilled employees
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
Access to larger consumer markets
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
More administration due to regulations
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
Registration and permit costs
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
Difficulty in accessing business loans
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
