2541931
Description
Mind Map by connorgibson70, updated more than 1 year ago
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Created by connorgibson70
about 9 years ago
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Legal Ownership
- Sole Trader
- advantages
- All of the profits are for one person
- all decisions are made by one person
- All of the profits are for one person
- disadvantages
- all bills are paid by the single owner
- all goods are paid for by the single owner
- all decisions are made by one person
- all bills are paid by the single owner
- Kurt Geiger- made a turnover of £162m by selling fashion items most notably the scene leather boots. Which brings in a whopping £390 per pair.
- Window cleaner
- advantages
- Partnership
- ideas can be shared by owners
- bills and costs are shared
- arguments can arise over disagreements within the business
- advantages
- disadvantages
- profits are shared
- Ben and Jerry's
- Google
- ideas can be shared by owners
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