The concept of limited liability: ● limited and unlimited liability ● the implications for the business owner(s) of limited and unlimited liability.
Discover
Delve
Demonstrate Question
This question is a discuss question. You MUST use the BLT format still however this time you will need two impacts or points with BLT. An example is below for a different discuss question. The structure of your answer should match the example.
Discuss the impact on a business of changes in consumer wants. (6 marks).
One impact is a business will have to carry out more market research
This is because they will need to know what these consumer changes are
This leads to designing products more inline with the consumer needs
Therefore keeping existing and new consumers attracted to the business
Another impact is a business will to adapt existing products
This is because they will be more in line with consumer wants
This leads to higher costs in development of current products
Therefore a reduction in profit for the business
Have a go at your own
Discuss the impact on a business of having limited liability. (6 Marks)
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Mark Scheme
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