1.3.4 Sources of business finance Flashcards
1
Q
5 Ways a market can be segmented
A
Age, Lifestyle, Income, Area, Gender
2
Q
4 Factors a business needs to consider when deciding where to locate the business
A
Proximity to labour, Proximity to Market, Proximity to competitors, Proximity to
3
Q
3 Rewards for an entrepreneur from starting a business
A
Personal Satisfaction, Profit, Independence
4
Q
2 Risks to an entrepreneur from starting a business
A
Business failure, Selling personal assets
5
Q
1 Disadvantage of operating as a sole trader
A
Unlimited Liability
6
Q
A
