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6. The 4P's include Price, Product, Place and Promotion

  • True
  • False

7. Cashflow is the money that is flowing in and out of a business

  • True
  • False

8. It's relatively easy to set up as a sole trader

  • True
  • False

9. A stakeholder is the same as a shareholder

  • False
  • True

10. Unlimited liability means you can only lose what you invested in the business

  • False
  • True

11. A typical objective for a start up leader is to become the market leader

  • False
  • True

12. A business plan is useful as it may persuade a bank to lend the business money

  • True
  • False

13. Revenue is calculated by multiplying sales by selling price

  • True
  • False

14. A mortgage is a long term loan used to buy land or buildings

  • True
  • False

15. With limited liability, shareholders' possessions are safe

  • True
  • False

16. Availability of raw materials and transport links should be considered when choosing a location

  • True
  • False

17. Ltd means Public Limited Company

  • False
  • True

18. One way a sole trader can raise money is to sell shares

  • False
  • True

19. Profit is calculated by taking away total costs from revenue

  • True
  • False

20. A partnership can consist of more than 2 people

  • True
  • False