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2 marksEconomic Sectors and Legal Structures

CAPE Management of Business Unit 1 · 2017 · Paper 2 · Question 1(a)(i)

Thomas is setting up Creative Fashions Ltd, a designer clothing store on Greenshore Island. He needs to choose whether to target the local or overseas market, and decide between a sole trader or partnership structure.

Define the term 'sole trader business'.

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Other parts of this question

  1. 1(a)(ii)Define the term 'partnership business'.[2 marks]
  2. 1(b)Explain three ways in which the Government of Greenshore Island could create an enabling environment to assist Thomas in targeting the overseas market for his…[9 marks]
  3. 1(c)Discuss how each of the following stages in the decision-making process would assist Thomas in choosing whether to target the local or overseas market: - Data…[12 marks]

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