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Classify the business according to its ownership, and explain the benefits and constraints of this type of ownership.
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E1-Classify the business according to its ownership, and explain the benefits and constraints of this type of ownership The business I am going to study is Morrison's plc. Morrisons is supermarket, and caters for the general public through the service they provide, (selling products e.g. food, drink etc.). It has approximately 46,000 employees working in the stores, distribution centres and head office support functions. It originally started off as an egg and butter merchant in Bradford West Yorkshire, but has now grown into a large chain of supermarkets. My nearest store is in Seamer on Dunslow Road, which is labelled in the diagram with an arrow. A sole trader is a business that is owned by one person, and this person has total control of the business. However, if the business goes bankrupt, then the owner's personal assets can be taken as well as the business assets. A partnership is a business...
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