WJEC GCE Business Studies Unit 1 (18th May 2015)

Im so gutted that needs and wants didn't come up. Its so obvious that needs make life more enjoyable and wants are really important for survival!

lol

How is everyone feeling for bs2?

It said sole traders and partnerships... why did you write about a PLC and franchises lmfao.
A sole trader is one person who owns the business and has limited liability. A partnership is owned by 2-20 people and they also have limited liability. You could've said stuff like Anna should enter the partnership because she can share ideas with charlie which means their products will be more innovative and will more likely satisfy consumer needs. Disadvantage of a partnership is that they have to share profits and Anna might have put more hours into the work but they have to still share the profits equally which can be demotivating.

who's ready for bss2 tomorrow!?

Feeling ok, I just hope the questions/topics are nice!! You?

aw nervous as anything! i just hope its easy too tbh

It's ok! We will be fine!! Stay positive

hopefully! im praying no graphs come up though lol

Oh god same!!

by the looks of it were the only two people doing this board

hopefully! im praying no graphs come up though lol

How was everyones exam?

I think I missed out a question at the end cause i didnt go to the last page :/