1
Q
do sole traders & partnerships have limited or unlimited liability?
A
unlimited - assets are at risk of being taken if debts can’t be payed
2
Q
finance suited for a business with unlimited liability (6)
A
- business loans from a bank
- private investors
- crowd funding from websites
- trade credit from suppliers
- owners savings
- overdraft from the bank
3
Q
finance suited for a business with limited liability (5)
A
- retained profit
- sale of assets
- ordinary & preference share issues
- government grants
- venture capital
4
Q
why might venture capital be suitable for a business with limited liability?
A
because they may be borrowing larger amounts than a business with unlimited liability
business y12
flashcards
Decks in class (32)
# Cards
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calculations5
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1.1.1 the market6
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1.1.2 market research11
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1.1.3 market positioning6
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1.2.1 demand6
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1.2.2 supply9
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1.2.3 markets2
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1.2.4 elasticities of demand12
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1.3.1 product/service design9
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1.2.5. income elasticity of demand (YED)22
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1.3.2 branding & promotion15
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1.3.3 pricing strategies15
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1.3.4 distribution channels5
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1.4.3 organisational design16
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1.4.4 motivation in theory & practise23
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1.4.5 leadership13
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1.5.1 role of an entrepreneur14
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1.5.6 moving from entrepreneur to leader4
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1.5.4 forms of business19
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1.5.3 business objectives9
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1.5.5 business choices2
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2.1.1 internal finance11
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2.1.3 liability4
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2.1.4 planning14
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2.2.1 sales forecasting7
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2.2.2 sales, revenue & costs11
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2.2.4 budgets14
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1.4.2 recruitment, selection & training13
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2.4.1 production, productivity & efficiency9
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2.3.1 profit14
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2.3.2 liquidity7
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2.4.2 capacity utilisation8
