GCSE Business 1BS0 01

GCSE Business 1BS0 01 1.4.1 The options for start-up and small businesses 1 Explain one benefit to an entrepreneur of buying a franchise to start a business. 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Last Course Patisserie Ltd is a small private limited company based in Devon which produces hand-made desserts and puddings. The business was established in 1986. Its owners previously worked in the food industry but felt they could offer better value for money to customers. All of the desserts are made fresh to order which has provided Last Course Patisserie with a reputation for being flexible when meeting customer needs. Getting the best ingredients for the desserts is a vital part of the business. Last Course Patisserie found excellent suppliers of free range eggs and dairy products close to its business location. This means all ingredients could be delivered quickly when needed. Last Course Patisserie has recently employed a new head chef from Switzerland who has introduced a new range of products to the menu. This has proved to be very popular with customers and the business now struggles to keep up with demand. Last Course Patisserie is receiving increased orders for desserts but, due to the size of its business premises, struggles to meet this increase in demand. The owners have decided that it is the right time for Last Course Patisserie to expand and possibly relocate to new premises. (Source adapted from: 2 Analyse the impact on Last Course Patisserie of operating as a private limited company. 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Select one answer. A They require a business qualification B They have unlimited liability C They can sell shares to raise finance D They do not employ staff