BS1 - WJEC specification All the units 4.0 / 5 based on 1 rating ? Business StudiesASAll boards Created by: rebecca millwardCreated on: 06-01-11 13:05 Unincoporated businesses ... where there is no legal different between the owners and the business, everything is carried out in the name of the owners. 1 of 8 The private sector..... includes all businesses which are set up by individuals/groups of individuals 2 of 8 Batch production (making identitcal batches of a product)...... All itmes in a batch are identical, but changes can be made between batches 3 of 8 An advantage of a sole trader is.... Simplicity - less form filling than for a limited company 4 of 8 Disadvantage of job production low capacity utilisation of equipment - skilled workers use a lot of tools rather than one tool all the time 5 of 8 Job Production (a one off production) advantage High added value - even low sales make a profit 6 of 8 Market growth = new market size - old market size divided by old market size x 100 7 of 8 Formula for market share sales/total market size x 100 8 of 8
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