Checkpoint 2 Gr9 Revision

Your Checkpoint 2 will be

• on Swift Assess

• on LMS

• on paper

• on Alef

There will be .... questions.

• 20

• 10

• 100

• 50

The Checkpoint 2 will be

• next lesson

• now

• next month

• next year

What is a sole trader?

•    The money needed to start a business.

• A business owned by just one person.

• A business owned by two or more people.

•   A business owned by two or more people.

  A business owned by two or more people.

• Sole trader

• Partnership

• Private limited company

• Public limited company

A small company with shareholders, owned by a family or a group of friends.

• Sole trader

• Partnership

• Private limited company

• Public limited company

A large company with shareholders. Shares can be sold to the public.

• Sole trader

• Partnership

• Private limited company

• Public limited company

When an existing business lets another business to use its name, logo and products. (McDonald's; KFC; Starbucks)

• Sole trader

• Public limited company

• Franchise

• Joint venture

When two businesses decide to join and start a new business (Google + NASA = Google Earth)

• Partnership

• Public limited company

• Franchise

• Joint Venture

What is an advantage of a sole trader?

• The owner has complete control of the business

• There is more than one person to invest capital in the business.

•   The owner has less work to because they can share main tasks.

•   The owner has less work to because they can share main tasks.