Business Studies Multiple Choice Question – 29 July 2020

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

Business Studies
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Photo by Kateryna Babaieva on Pexels.com

Lucy is a driving instructor. Three years ago, she decided to set up on her own and researched being a sole trader or buying into a franchise. Lucy decided to become a sole trader. She operates in a highly competitive market.

Lucy provides her customers with a computer print-out record at the end of each lesson, which highlights where the learner needs to improve. She also charges a price lower than her rivals for each lesson.

Which ONE of the following would have been a possible advantage to Lucy if she had decided to buy into a franchise?

 

Select ONE answer:

  1. She would not have to pay any tax.
  2. Access to help and advice when running her business.
  3. She would have no stakeholders.
  4. Customer service would not be so important.

 

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 2

 

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Author: stuart001uk2014

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

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