The options for start-up and small businesses - Edexcel test questions - Edexcel

1

What type of liability does a sole trader have?

2

What is a private limited company often abbreviated as?

3

What is a competitive environment?

4

How many owners can a partnership have?

5

Which of these is a benefit of being part of a franchise?

6

In a franchise, what is the name of the main business providing the rights to use its name and products?

7

Which of these is a benefit of being partnership?

8

Which of these is a disadvantage to being a sole trader?

9

What are owners also known as in a private limited company?

10

What is a gap in the market?