Business Studies

Starting a business and being a sole trader.

  • Created by: Its_Tito
  • Created on: 28-04-14 18:53
The name of someone who starts up their own business.
Sole trader
1 of 5
A legal obligation on the owners of a business to settle all debts of the business.
Unlimited liability
2 of 5
A business owned by a single person who has unlimited liability.
Sole proprietorship
3 of 5
Money that a business needs to start or expand.
Capital
4 of 5
A saving in costs gained by an increased level of production.
Economies of scale
5 of 5

Other cards in this set

Card 2

Front

A legal obligation on the owners of a business to settle all debts of the business.

Back

Unlimited liability

Card 3

Front

A business owned by a single person who has unlimited liability.

Back

Preview of the front of card 3

Card 4

Front

Money that a business needs to start or expand.

Back

Preview of the front of card 4

Card 5

Front

A saving in costs gained by an increased level of production.

Back

Preview of the front of card 5

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