• Explain what is meant with primary, secondary and tertiary sectors and give examples of businesses that operate in each sector.
  • Explain what input, output and added value mean in terms of business.
  • Explain the difference between incorporated and unincorporated businesses in terms of ownership and liability.
  • Explain the difference between general partnership and limited partnership in terms of running the business and liability.
  • Explain the difference between ltd and plc.
  • Explain what is meant with limited liability and unlimited liability.
  • What are the advantages and disadvantages of a) partnership b) sole trader c) limited company?

Senast ändrad: onsdag, 12 december 2018, 14:11