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WorksheetsGCSE Edexcel Business Unit 1.4
Total questions: 10
Worksheet time: 20mins
A (a) is a business that is owned and run by one person. There is only one owner, but they may have (b) who work for them. Sole traders are usually start-ups or small businesses. Like (c) they are subject to (d) meaning that the business owner or owners are (e) for all of the debts of the business, no matter what the value is.
Private Limited Companies and Public Limited have (a) . This means that the business owner or owners are (b) up to the value of their financial investment in the business. Having Limited liability (c) . Sole Traders and Partnerships risk losing (d) to pay their debts as they have (e) .
Same Partnerships may have Limited Liability under the Limited Liability Partnerships Act 2000.
TRUE
FALSE
Organize these options into the right categories
Retained Profit
Loans
Debentures
Overdraft
Trade Credit
Share Capital
Crowd funding
Match the definition to the term.
A business that gives franchisees the right to manufacture, distribute or sell its branded products in return for a fixed sum of money or royalty payment
FRANCHISE
A business that agrees to manufacture, distribute or sell branded products under the licence of a franchisor
FRANCHISOR
The right given by one business to another to sell goods using its name
FRANCHISEE
Organize these options into the right categories
Hairdressers, Corner Shops and Takeaways tend to be located near their main customers near
People in the Fishing industry tend to live near coastal waters
Farms tend to be located in rural areas as it is easier to produce the materials they need.
Petrol stations tend to be away from rivals but fast food shops are to high footfall
Put the correct term under the correct heading
Goods
Services
Discount
Net Cost
Online
Physical Store
Social Media
Paid for Advertising
The Business Plan. Match the label to the description.
The Nature of the Business
Farmer
Fisherman
Lumberjack
Seamstress
Car workers
Baker
Plumber
Flight Attendant
Hairdresser
One of the key documents used to (a) is a (b) . There maybe times of the year when they may lose money. They can then use this information to make changes to their (c) .
A good, clear (d) will also make (e) easier from lenders such as banks or investors.
