What are the advantages of doing business as a sole trader?

In answering this question, a few things must be taken into consideration. FIrstly, the question clearly asks for the advantages of being a sole trader. This means that any time wasted in explaining a disadvantage of this will gain no marks. The marks allocated to the question give an idea of how many advantages you may need to put across. If this question was for 8 marks, you would probably need to explain in detail about 4 advantages. An evaluation point may help at the end of your response.

JK
Answered by James K. Business Studies tutor

2770 Views

See similar Business Studies GCSE tutors

Related Business Studies GCSE answers

All answers ▸

Explain the key elements of the marketing mix that relate to the product


Identify two methods of internal growth that a business could choose:


What are some of the most relevant pricing strategies?


What are the advantages of franchising?


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:

© 2026 by IXL Learning