Composite Homework 1 by MrMcGowan

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									HIGHER BUSINESS MANAGEMENT - Homework 1
1     With particular reference to Scotland, explain the term                      2
      deindustrialisation.

2     Compare and contrast sole traders                                            8

3     Using a local business as an example, explain how the organisation           4
      would use the factors of production.

4     Franchsiing is a form of business enterprise. Identify the advantages for:   8

          i)     The franchiser
          ii)    The franchisee

5     Compare the objectives for a public limited company with those for a         3
      charity.

                                                                       TOTAL 25

INTERMEDIATE 2 HOMEWORK 1


1. Describe one difference between a public limited company and a private limited
   company.                                                                                    1

2. Identify the 3 sectors of activity and give an example of an activity that takes
   place in each sector.                                                                       6



3. McDonald’s and Burger King are examples of franchises.

    i)      Explain the term franchise.                                                1
    ii)     Describe the 2 advantages for the franchisee                                   8



4. Enterprise is one factor of production. Identify and describe the 3 other factors of
   production.                                                                                 6

                                                                         Total 25

								
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