Business · GCSE
How Much You Can Actually Lose
A sole trader and a shareholder can run the exact same shop. So why can only one of them lose their house if it fails? Enterprise and risk, with a real business plan; the one liability choice that matters, unlimited vs limited; how aims change as a business grows, organic vs external growth; three stakeholders and what each wants; a worked example comparing what a sole trader and a shareholder actually owe. Fifteen terms to define, a model answer on Elena’s bakery going Ltd, and the misconceptions that cost marks. Photographed, not drawn: a real small business owner.
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- Referenced to the DfE GCSE business subject content (DFE-00203-2015) and Ofqual’s national assessment objectives (Ofqual/16/5879), quoted; no board’s specification or mark scheme. Every photograph is licensed and credited on the sheet; every figure is drawn in code with its numbers computed
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