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4 marksSize and Growth of Business

CAPE Management of Business Unit 2 · 2016 · Paper 2 · Question 6(a)

An individual plans to launch a photography business to earn supplemental income and considers operating as a sole trader or forming a partnership.

Differentiate between a 'sole trader' and a 'partnership'.

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Other parts of this question

  1. 6(b)Explain THREE benefits that Johnny would enjoy if he adopts the sole trader form of business.[9 marks]
  2. 6(c)Discuss THREE challenges that Johnny, as a small business owner, could face in sourcing capital for his business.[12 marks]

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