Identify and explain two possible reasons why a restaurant wants to expand.
To possibly increase profit because if the restaurant is bigger it will have more customers and more revenue. With higher revenue, if costs can be kept lower.
Consider the advantages and disadvantages of this type of business organisation; sole trader.
Owner in complete control. No sharing of profit. Incentive to work hard as everything kept for himself. Unlimited liability. No continuity. No help in decision
Consider the advantages and disadvantages of this type of business organisation; partnership
Partners can specialise in different tasks. Share decision making, Unlimited liability. Each partner responsible for the actions of other partners
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