Mind Your Business - 9 October 2008

Questions

1. Explain what is meant by the phrase ‘legal structures’ in relation to business ownership (4 marks)
2. Identify and explain two advantages and two disadvantages of setting up a business as a private limited company (8 marks)
3. What do you think would be the most important reason for a business like Arcadia to organize its business ownership in the way that Sir Philip Green has done? (8 marks)
4. To what extent do you think that the consolidation of businesses like those of Sir Philip Green reduces choice and value for customers? (12 marks)

Total marks = 40