Business Studies Multiple Choice Question – 23 January 2020

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Business Studies

Whilst at Art College, Lucy made Christmas cards for friends and relatives.  She wants to start a full-time business but needs to decide between setting up as a sole trader or buying into a franchise.  The market for Christmas cards is very competitive but Lucy produces a card that is designed and made to the customer’s exact requirements.

Which ONE of the following could be an advantage to Lucy if she brought into a franchise?

 

Select ONE answer:

  1. A franchisee makes all their own decisions
  2. A franchisee pays lower rates of VAT
  3. The franchisor provides continued help and support
  4. The franchisor pays the franchisee to set up in business

 

Show the workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 4

 

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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