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Business ownership key terms
Use these key terms for Business ownership in AQA Business 8132. The page is built from approved learning objectives for this topic and links back to the wider unit, topic hub, and related revision assets.
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key terms
Resource type
Topic
Business ownership
Key terms
legal
legal is a curriculum-aligned term linked to the learning objective: Identify the legal structures available to businesses..
structures
structures means how legal structures is used by a business to make a commercial decision about Identify the legal structures available to businesses. In an AQA GCSE Business answer, link it to evidence such as cost, revenue, cash-flow pressure, customer needs, or stakeholder impact rather than giving a stand-alone definition.
sole trader
sole trader is a curriculum-aligned term linked to the learning objective: Explain how sole traders, partnerships, private limited companies, public limited companies and not-for-profit organisations differ..
partnership
partnership means how legal structures is used by a business to make a commercial decision about how sole traders, partnerships, private limited companies, public limited companies and not-for-profit organisations differ. In an AQA GCSE Business answer, link it to evidence such as cost, revenue, cash-flow pressure, customer needs, or stakeholder impact rather than giving a stand-alone definition.
control
control is a curriculum-aligned term linked to the learning objective: Analyse benefits and drawbacks of each legal structure, including management and control, sources of finance, liability and profit distribution..
sources of finance
sources of finance means how benefits, drawbacks and suitability is used by a business to make a commercial decision about benefits and drawbacks of each legal structure, including management and control, sources of finance, liability and profit distribution. In an AQA GCSE Business answer, link it to evidence such as cost, revenue, cash-flow pressure, customer needs, or stakeholder impact rather than giving a stand-alone definition.
limited liability
limited liability is a curriculum-aligned term linked to the learning objective: Explain limited liability and identify which legal structures benefit from it..
Explain
Explain means how benefits, drawbacks and suitability is used by a business to make a commercial decision about limited liability and identify which legal structures benefit from it. In an AQA GCSE Business answer, link it to evidence such as cost, revenue, cash-flow pressure, customer needs, or stakeholder impact rather than giving a stand-alone definition.
evaluate
evaluate is a curriculum-aligned term linked to the learning objective: Evaluate suitable legal structures for new start-ups and large established businesses..
suitable
suitable means how benefits, drawbacks and suitability is used by a business to make a commercial decision about suitable legal structures for new start-ups and large established businesses. In an AQA GCSE Business answer, link it to evidence such as cost, revenue, cash-flow pressure, customer needs, or stakeholder impact rather than giving a stand-alone definition.
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