Specification Learning objectives Additional guidance Suggested Learning activities and resources content timing (hours) Sole traders To understand what is Benefits and 1 Show pictures and logos of a variety of businesses ask students what – meant by a sole trader and drawbacks of each the difference is between these businesses (eg number of employees, Partnerships the benefits and legal structure include number of owners, objectives) different business situations require – drawbacks of this legal issues such as different legal structures. structure. management and Pick out main benefits and drawbacks of a sole trader from or control, sources of To understand what is Students to list the main benefits and drawbacks in pairs. finance available, by a partnership and the liability and distribution benefits and drawbacks of Extension of profits. this legal structure. Why is it now easier than ever to set up as a sole trader and reach a large market? Spot the errors paragraph about sole traders. Use business examples like a local solicitors or doctors to illustrate the benefits of partnerships show the range of services on offer due to – different specialists. Ask students the issues/problems they face when working in or teams link this to conflicts and disagreements in partnerships. – Explain how these can be resolved by having a deed of partnership. Students to generate a simple business idea with a partner and create a deed of partnership. Complete question 1b) 4 marks sole trader Paper 1 June 2016.
Specification content Learning objectives Additional guidance Suggested timing (hours) Learning activities and resources Sole traders Partnerships To understand what is meant by a sole trader and the benefits and drawbacks of this legal structure. To understand what is by a partnership and the benefits and drawbacks of this legal structure. Benefits and drawbacks of each legal structure include issues such as management and control, sources of finance available, liability and distribution of profits. 1 Show pictures and logos of a variety of businesses – ask students what the difference is between these businesses (eg number of employees, number of owners, objectives) – different business situations require different legal structures. Pick out main benefits and drawbacks of a sole trader from or Students to list the main benefits and drawbacks in pairs. Extension Why is it now easier than ever to set up as a sole trader and reach a large market? Spot the errors paragraph about sole traders. Use business examples like a local solicitors or doctors to illustrate the benefits of partnerships – show the range of services on offer due to different specialists. Ask students the issues/problems they face when working in or teams – link this to conflicts and disagreements in partnerships. Explain how these can be resolved by having a deed of partnership. Students to generate a simple business idea with a partner and create a deed of partnership. Complete question 1b) 4 marks sole trader Paper 1 June 2016.
AQA-8132-SOW-2YR.DOCX