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.

SD
Answered by Sowah D. Business Studies tutor

2584 Views

See similar Business Studies GCSE tutors

Related Business Studies GCSE answers

All answers ▸

You receive the following figures: Sales 85000, Cost of Sales 15000, Rent 5000, Advertising Expenses 7000. Calculate the Net Profit.


Exaplain one advantage and one disadvanatge of an organisation beocming multinational


List one internal and external stakeholder and explain why they have an influence on a business.


Examine the impact of EU membership on UK Businesses.


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