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  • Bus Test 4

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    A social enterprise is a business with social objectives. Stakeholders are individuals or groups affected by or able to influence a business like customers, employees, owners, and community. The three main objectives of most businesses are to make profits, gain market share, and provide customers with quality products and services. However, objectives may change as a business evolves over time in response to market conditions or opportunities. A sole trader owns and runs their own business as an individual while a partnership business involves two or more people jointly owning and operating a business for profit.

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    bus test 4

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    A social enterprise is a business with social objectives. Stakeholders are individuals or groups affected by or able to influence a business like customers, employees, owners, and community. The three main objectives of most businesses are to make profits, gain market share, and provide customers with quality products and services. However, objectives may change as a business evolves over time in response to market conditions or opportunities. A sole trader owns and runs their own business as an individual while a partnership business involves two or more people jointly owning and operating a business for profit.

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    3 views1 page

    Bus Test 4

    Uploaded by

    niloy
    A social enterprise is a business with social objectives. Stakeholders are individuals or groups affected by or able to influence a business like customers, employees, owners, and community. The three main objectives of most businesses are to make profits, gain market share, and provide customers with quality products and services. However, objectives may change as a business evolves over time in response to market conditions or opportunities. A sole trader owns and runs their own business as an individual while a partnership business involves two or more people jointly owning and operating a business for profit.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Business Test 4

    1. Define social enterprise.


    2. Who are stakeholders? Explain with examples.
    Name:
    3. Explain 3 objectives of a business.
    Marks obtained:
    4. Why might objectives change as a business evolves?
    5. Define sole trader.
    6. Explain 3 advantages and disadvantages for partnership business.
    7. How does operating a franchise benefits franchisors

    1. Define public corporations [2]

    2. Explain 2 advantages and 2 disadvantages of being a franchisee [4]

    3. Define joint venture [2]

    4. Discuss the advantages and disadvantages of being a public limited


    company. [6]

    5. Explain the difference between a sole trader and partnership


    business [6]

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