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Business As Assignment 2

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19 views1 page

Business As Assignment 2

Uploaded by

sumanbasnet80123
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Business Assignment 2

Gan and Arisa’s business had a successful first six months. They now buy in ready-made T-shirts and print them
in a variety of colours and designs. They have just opened their own small shop and sell their products through
this outlet. Originally, they had a partnership but Gan wants to set up a limited company.

1 Explain why Gan and Arisa’s business can be identified as operating in both the secondary sector and
tertiary sector. [4]
2 Is their business operating in the private sector or public sector? Explain your answer. 4]

3 Explain the term ‘limited liability’. [2]

4 Explain what is meant by a ‘cooperative’. [2]

5 Gan and Arisa have been asked by a well-known clothing retail company if they would like to set up
another shop – but as a franchise operation. They would have to sell the clothes supplied to them by the
retail company. Explain two advantages and two disadvantages of this franchise offer to Gan and Arisa. [8]

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