Business > A-Level Question Paper > 1.5 A-Level Business Questions And Answers 2023 (All)
1.5 A-Level Business Questions And Answers 2023
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limited liability - ANS-financial responsibility of business owners only for what they invested in a business unlimited liability - ANS-The owner is personally and fully responsible for all losses ... and debts of the business Partnership - ANS-a business owned by two or more people Entrepreneur - ANS-A person who organizes, manages, and takes on the risks of a business. Intrapreneur - ANS-A manager, scientist, or researcher who works inside an organization and notices opportunities to develop new or improved products and better ways to make them. cost efficiency - ANSSole trader advantages - ANS-▪Owner keeps all the profit ▪Owner can make decisions quickly ▪fully in control of the busines [Show More]
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