Year 10 Business (People in business (Communication barriers (Using the…
Year 10 Business
People in business
Using the wrong medium
Long chain of command
Poor communication skills
Lack of clarity
Methods of communication
Face to face communication
Business Activity and influences on a business
Sole Traders, Franchises, Partnerships and Social Enterprises
A partnership exist when between 2 and 20 people own a business together. the owners will share responsibility of running the business and they also share the profits. Professions such as accountants, doctors, estate agents and solicitors are often partnerships.
A franchise occurs when a business, the franchisor, allows another operator, the franchisee, to trade under their name. A franchisor is the owner of the franchise name and the franchisee is the person running their own franchise.
A sole trader is a business owned by a single person. This business has unlimited liability, this means that the person that owns the business is responsible for all business debts.
Increase market share