Which two of the following factors would be important for a sole trader when starting up a hairdressing business?
Select two answers:
A) Ability to raise share capital
B) How to finance the business
C) Able to produce products cheaply
D) The exchange rate
E) The legal aspects - Edexcel - GCSE Business - Question 2 - 2016 - Paper 1
Question 2
Which two of the following factors would be important for a sole trader when starting up a hairdressing business?
Select two answers:
A) Ability to raise share cap... show full transcript
Worked Solution & Example Answer:Which two of the following factors would be important for a sole trader when starting up a hairdressing business?
Select two answers:
A) Ability to raise share capital
B) How to finance the business
C) Able to produce products cheaply
D) The exchange rate
E) The legal aspects - Edexcel - GCSE Business - Question 2 - 2016 - Paper 1
Step 1
How to finance the business
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Answer
This factor is crucial as it determines the initial investment needed to set up the salon, including expenses for equipment, advertising, and inventory.
Step 2
The legal aspects
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Answer
Understanding legal requirements is essential for compliance with health regulations, licensing, and business laws that govern hairdressing operations.
