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2. What is limited liability?

  • If a business goes into debt or bankruptcy, they won't lose their personal belongings
  • If a business goes into debt or bankruptcy, they can lose their personal belongings

3. What is a disadvantage of a sole trader?

  • Unlimited liability
  • Limited liability
  • Have to register for companies house

4. What are the 4 p's that make up the marketing mix?

  • Plan, Place, Product & Prevention
  • Product, Price, Place & Promotion
  • Promotion, Price, Predictions & Plan

5. Is a the franchisee the owner of a franchise or buying one?

  • Buying one
  • Owner
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