Pros and Cons

Question 1

3 Advantages of being a sole trader

Answer 1

You get all the profit, You get complete control, Easy and cheap to setup

Question 2

3 Advantages of being a partnership

Answer 2

Wider range of skills, Workload can be shared, Easy and cheap to setup

Question 3

3 Disadvantages of being a patnership

Answer 3

Profit has to be shared, May be disagreements, Unlimited liability puts owners personal stuff at risk

Question 4

2 Disadvantages of being a multinational

Answer 4

Communication problems and shipping cost may vary in different countries

Question 5

2 Advantage of being a multinational

Answer 5

The business can make products closer the the customers, labour may be cheaper in other countrys