Benefit=sole Trader Flashcards
1
Q
1
A
Sole traders are the only owner of a business
2
Q
2
A
They maintain full control over day-to day running
3
Q
3
A
Able to establish a strong power culture
4
Q
4
A
Maintain consistency throughout the business
5
Q
5
A
Build a strong brand image
6
Q
6
A
Differentiate from competitors
7
Q
7
A
Price inelastic
8
Q
8
A
Increase price without significant fall in demand
9
Q
9
A
Increase in revenue
10
Q
10
A
Increase in gross profit margins
11
Q
11
A
Increased retained profit to reinvest into…
