business 0.0 / 5 ? Business StudiesOwnership and controlGCSEOCR Created by: joshnattyCreated on: 06-06-23 11:23 what are the four characteristics of an entrepreneur creativity risk-taking determination confidence 1 of 6 why do businesses exist to satisfy customers provide goods and services 2 of 6 what is a business plan and how is it useful helps plan costs and objectives, without it, ideas may not be thought through helps with finance identifying markers achieving aims and objectives 3 of 6 describe a sole trader one owner owner keeps profits unlimited liability cater for local people easy to set up 4 of 6 describe a partnership shared profits 2 owners help to make decisions unlimited liability no continuity 5 of 6 describe a public limited company PLC unlimited owners expensive to set up shares on stock exchange limited liability 6 of 6
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