Business Studies gcse - Business in the Real World Questions

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What is the main difference between a Private and Public Limited Company?

Within which Limited company is ownership restricted?

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What is the purpose of a Deed of Partnership?

Explain why Partnerships may have a deed of partnership and what the advantage of having one could be.

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Why is being legally responsible for another Partner a disadvantage?

Give an example or scenario in which, being legally responsible for another partner within a Partnership business structure could become a disadvantag

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When is liability a disadvantage?

In what business structure might liability cause risk to an individual and what disadvantages may this cause for the business?

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What is the purpose of Opportunity Costs?

Give a scenario why choosing to give up one benefit for the next best alternative. can be beneficial.

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