Everything

Question 1

What are the advantages for sole traders?

Answer 1

1. Can make own decisions and be flexible
2. Easy to set up
3. Owner keeps all profits

Question 2

What examples of cuisines?

Answer 2

Chinese, Indian, Vietnamese, French and Italian

Question 3

What are budget hotels?

Answer 3

budget hotel chain like Premier Inn and Travelodge

Question 3

What is a partnership?

Answer 3

The business have two or more owners

Question 4

What is limited companies?

Answer 4

Is divided up into equal parts called shares.

Whoever ownes one or more of these is called a shareholder.

Question 5

What is a hospitality business?

Answer 5

provide accommodation, food and beverages, entertainment and other services for guests, visitors, travellers and tourists.

Question 6

What are the disadvantages for partnership?

Answer 6

1. The profits have to be shared
2. The partners might argue
3. If it goes in debt then they might have to use their own money

Question 8

What are the advantages for limited companies?

Answer 8

1. They are not responsible if they go on debt
2. The shareholders receive a share of the profits
3. Easy to get money to grow business

Question 9

What can a hotel do to go eco-friendly for little money?

Answer 9

Energy efficient light bulbs, recycle, keep doors and windows closed in the winter, gorwing own food, recycle mattresess, use low flow toliets and showers, turn off lights and turn down heating/air conditioning when rooms are unoccupied, install a solar water heating system and use pool and hot tub covers when the pool area is closed.

Question 10

What are the disadvantages for sole traders?

Answer 10

1. No one to share decisions with
2. It can be difficult to take time off
3. If business goes into debt then the owner might have to sell own possessions

Question 11

What are the benefits for a hotel to go eco friendly?

Answer 11

Even though going eco firendly will cost a lot of money, the results over powers that. It will attract more customers, save a lot of money, decrease the amount of waste and saves water and energy

Question 12

What is two ways a bank can help a business?

Answer 12

1. Can hold their money and keep it safe
2. Loan money for when they need it

Question 13

What are the advantages for partnership?

Answer 13

1. More ideas and skills
2. More money can be raised to run and epand business
3. More decisions and ideas for the business

Question 14

What is a sole trader?

Answer 14

A business that is owned by one person