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A description of the type of business - Sole trader:
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| Submitted: Wed Aug 20 2003
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Unit 2 My group 1 company will be Waitrose. My reason for selecting a prestigious company such as this is because I work for them so then my inside knowledge will be a useful addition to my portfolio. My group 2 company will be the Tussauds Group. They seem to be a big company and are also well known. So the information would not be hard to find. Pass points Task 1/ P1: A description of the type of business: Sole trader: This is the most commonly found type of business in the United Kingdom. A sole trader is a business with only one owner, and the responsibility of the business rests on that person. The business can trade under the owner's name (i.e. Joes Chippy) or under a business name (i.e. Feltham chip shop). Many sole traders provide a service of some sort. Sometimes the most amounts of employees would be 3. The owner provides...
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