3 Analyse the advantages of a partnership. [6]

[Sir Afzal Shad]

Q3 Analyse the advantages of a partnership. [6]

Possible Structure:
[KN]
[AN]
[AN+]

[KN]
[AN]
[AN+]

[Shaliza khawaja]

(kn) less chances of wrong decision
(an) their will be one person to correct the other persons decision which could be wrong about the business
(an+) leading to smooth running of the business
(kn)less responsibility
(an) as decision making will be distributed between two people
(an+) leading to less stress

[Syed Raza]

[KN] Quick decision making process
[AN] Decision making can be more efficient in a partnership, as partners can collaborate with each other.
[AN+] which will increase output as there would lesser conflicts and problems will be solved quickly.

[KN] Risk taking
[AN] Partnerships can share financial risks and responsibilities. In case of business losses each partner can contribute together to cover these losses.
[AN+] This can reduce the financial burden on individual partners compared to a sole trader.

[Farzan Siddiqui]

[KN] Partners would encourage to work more harder.
[AN] Partners would work harder to earn more profit together.
[AN+] This leads to growth of the business.
[KN] More new ideas into the business.
[AN] Partners can share their ideas which would help in more ideas into the business.
[AN+] This would help in bringing more new creativity into the business.

[Salman Khalid]

[KN] shared responsibility and workload
[AN] this can lead to a more balanced workload and reduce the individual burden on each partner
[AN+] this can improve efficiency and allow partners to focus on their areas of expertise

[KN] access to capital and resources
[AN] increasing the overall financial capacity of the business
[AN+] It also allows for shared expenses, reducing financial strain on individual partners

[Syed Mustafa Ali]

[KN] Shared financial resources
[AN] This shared financial resource base allows the business to access more funds than a sole proprietorship
[AN+] Partners can pool their money, which can be especially beneficial when starting or expanding a business.

[KN] Diverse skill sets and knowledge
[AN] Partnerships often bring together individuals with different skills, experiences, and knowledge.
[AN+] one partner might excel in sales and marketing, while another is skilled in financial management. This complementary skill set can enhance decision-making and problem-solving.

[Kumail Alvi]

[KN] Divided workload and responsibilities.
[AN] Partners can easily carry out responsibilities and everyone can perform their assigned tasks.
[AN+] Businesses will benefit as multiple people are putting their efforts so business stays and keeps on going without lags.

[KN] Divided financial resources.
[AN] Partners often share capital and spend on business and all-together spend on business when required.
[AN+] Money can be easily managed and they can put money in business at any time of emergency.

[ayyan ali]

KN]Share of risk and work load'
[AN]partners will be more reponsible about their work as there is low risk of wrong decisions
[AN+]This lead to more productivity of the business
[KN]more chances to expand
[AN] as there is gonna be share of ideas between the partners and also share of capital .
[AN+]Thus lead to more competition of the business and brand image will be developed.

[hafsa kashif]

[kn] a partnership can offer better resources to flourish in the business
[an] as both the people can share the workload and responsibilities leading to more being achieved in lesser time
[an+] this not only provides better sales but also more leisure time for the owners
[kn] partnering with someone allows u too gain their experience and expertise
[an] which helps to bridge the gaps that a person might have in his solo operation
[an+] two or more different mindsets help to tackle different problems in new and better ways.

[Talha Asim]

(Kn) risk is shared (an) since there is more than one owner, both work for the business and in times of failure both have to face it equally (an+) this can boost morale and confidence since they both support eachother

(Kn) more investment (an) the more the owners the more the capital invested the more the funds available (an+) such money can be used to carry out business ventures more successfully and on a larger scale

[Ibrahim Aamir]

[KN] risk taking
[AN] as their are more then one person, risk would be distributed between them
[AN+] this would reduce the financial burden on one partner

[KN] New ideas
[AN] there would be new ideas in business as there would be more then one person working on the business
[AN+] this would result in possible success for the business

[Hussain Asghar]

[KN]More investment in the business
[AN] which means more output can be produce so more sales in the business
[AN+] thus partnership help a business to be more profitable by having a greater market share

[KN] increase risk taking ability
[AN] as if there would be a loss the partners will bear it equally and if there would be a chance of success then they will divide the profit
[AN+]thus this helps to take risk at might be helpful for the business to grow

[Hadia Zia]

[KN] Risk Sharing
[AN] This will reduce the individual risk borne by each partner which will enhance creativity.
[AN+] Thus this will lead to businesses seeking growth and partners having the problem solving skill.

[KN] Helps the growth of ones mind too.
[AN] This is because partners can learn each others best practice's and strategies leading to continuous improvement.
[AN+] Thus this will further result in enhancement of overall capabilities of business.

[Salman Khalid]

[KN] Divided workload and responsibilities.
[AN] Partners can easily carry out responsibilities and everyone can perform their assigned tasks.
[AN+] Businesses will benefit as multiple people are putting their efforts so business stays and keeps on going without lags.

[KN] Divided financial resources.
[AN] Partners often share capital and spend on business and all-together spend on business when required.
[AN+] Money can be easily managed and they can put money in business at any time of emergency.

good answer

[Salman Khalid]

[KN] Partners would encourage to work more harder.
[AN] Partners would work harder to earn more profit together.
[AN+] This leads to growth of the business.
[KN] More new ideas into the business.
[AN] Partners can share their ideas which would help in more ideas into the business.
[AN+] This would help in bringing more new creativity into the business.

construction of both points is poor esp analysis points where no impact is being shown