Read the information supplied and answer the questions which follow - Leaving Cert Business - Question 2 - 2012

Limited Liability: This means that if a business goes bankrupt, the shareholders are only liable for the amount they have invested in the company. Their personal assets are protected and cannot be used to pay off business debts.

Continuity of Existence: This refers to the company's ability to continue operating despite changes in ownership or the death of shareholders. The company is considered a separate legal entity, which allows it to maintain its operations independently of individual shareholders.

1. Job Creation: The establishment of Solar Solutions Ltd will create employment opportunities in Kilduff, benefiting the local workforce and stimulating the local economy.

2. Support for Local Businesses: As Solar Solutions Ltd grows, other businesses in the area, such as suppliers and service providers, will also benefit from increased demand, leading to overall economic development in Kilduff.

A grant is a sum of money given by the government or other organizations to support a project or business, which does not need to be repaid. One advantage of a grant is that it provides financial support without creating debt, allowing businesses to invest in growth initiatives without the burden of repayment.

1. Providing Quality Products: Solar Solutions Ltd can ensure that all solar panels produced meet high quality and safety standards, giving customers confidence in their purchases.

2. Transparent Communication: The company should maintain open lines of communication with customers, addressing their concerns promptly and ensuring they are well informed about product features and services.