What impact does business structure have on the success of the business?

Treating the question like an essay question, run through with the student how to structure an answer for, perhaps, a short 8 mark essay question. Begin by listing the main business structures (sole trader, partnership, LTD, PLC), and focus on the level of skill and expertise each one requires, as well as responsbility - ie sole traders have more responsibiltiy and require a greater level of expertise and business knowledge, meaning added pressure if not managed properly would impact business success. Encourage students to compare business structures but consider each one critically - beyond strengths and weaknesses of each, what do these strengths and weaknesses depend on? Is the business structure the only influencing factor in success? Use these questions to form an evaluative statement that would be used in the conclusion.

GR
Answered by Georgi R. Business Studies tutor

2259 Views

See similar Business Studies GCSE tutors

Related Business Studies GCSE answers

All answers ▸

What should I do my IA on?


Explain the importance of a Unique Selling Point (USP) to a business


What is a stakeholder? Identify two stakeholders and there role in a business.


X Ltd is selling their only product at 12.50 per unit and they have managed to sell a total of 3000 units. They currently have total costs at £32000, £15000 of which are Fixed costs. How much is the total revenue and the total Variable costs?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2025 by IXL Learning