01 Analyse the possible advantages of being a sole trader for a mobile phone retailer. [6]
Please read the answer of the previous student & if the answer seems well developed don't use the same KN in your answer, try to give new one.
01 Analyse the possible advantages of being a sole trader for a mobile phone retailer. [6]
-
Sir Afzal Shad
- Grand Commerce Guru
- Posts: 163
- Joined: Sun Oct 22, 2023 10:10 pm
-
Muzamil Ahmed
- Wealth Wizard
- Posts: 15
- Joined: Tue Nov 18, 2025 7:01 pm
Re: 01 Analyse the possible advantages of being a sole trader for a mobile phone retailer. [6]
[KN] Being a sole trader means the business is owned and controlled by one person
[APP] For a mobile phone retailer being a sole trader allows him to choose which brands or models to sell and set his own prices. He can also respond quickly to customer demand and adjust stock fast.
[AN] Full control allows him to quickly respond to popular phones giving him a competitive advantage. Being a sole trader helps him offer better deals and services that larger competitors might not be able to match making his customers satisfied and gain loyalty.
[KN] He can keep all the profits earned which means higher motivation as well.
[APP] He can plan special promotions or discounts to attract more customers. Also, he can now increase the variety of the mobile phones to be offered. Like Samsung with an iPhone etc.
[AN] Special promotions would attract more customers [1] towards the business. Also, when the variety of the mobiles if offered, now more phones would be sold. [2] This means increased potential for growth in the market and with better prices customers may return again,[3] increasing loyalty. [4]
Examiner Comments: Stand Corrected.
[APP] For a mobile phone retailer being a sole trader allows him to choose which brands or models to sell and set his own prices. He can also respond quickly to customer demand and adjust stock fast.
[AN] Full control allows him to quickly respond to popular phones giving him a competitive advantage. Being a sole trader helps him offer better deals and services that larger competitors might not be able to match making his customers satisfied and gain loyalty.
[KN] He can keep all the profits earned which means higher motivation as well.
[APP] He can plan special promotions or discounts to attract more customers. Also, he can now increase the variety of the mobile phones to be offered. Like Samsung with an iPhone etc.
[AN] Special promotions would attract more customers [1] towards the business. Also, when the variety of the mobiles if offered, now more phones would be sold. [2] This means increased potential for growth in the market and with better prices customers may return again,[3] increasing loyalty. [4]
Examiner Comments: Stand Corrected.
Re: 01 Analyse the possible advantages of being a sole trader for a mobile phone retailer. [6]
[KN]having full control in making decisions
[APP]a mobile phone retailer will be able to make decisions all by himself because there will no other person to interfere, which will lead to the owner having full profit, quick response to market changes and adjustment of stocks.
[AN+]this will further lead to quick response to the changes in demand which will lead to the customer's satisfaction and having a competitive edge.
[KN]Enjoy complete secrecy in business matters.
[APP]being a sole trader and selling mobile phone all on his own, he will have all the strategies to sell to himself which will lead to the business being safe, there will be no risk of the information being leaked and it will be difficult for competitors to copy.
[AN+]this will further lead to the business having more opportunities to improve the strategies or even come up with new ones which will lead to business growth.
Examiner Comments: Improve the APP in both points. Rest is perfect.
[APP]a mobile phone retailer will be able to make decisions all by himself because there will no other person to interfere, which will lead to the owner having full profit, quick response to market changes and adjustment of stocks.
[AN+]this will further lead to quick response to the changes in demand which will lead to the customer's satisfaction and having a competitive edge.
[KN]Enjoy complete secrecy in business matters.
[APP]being a sole trader and selling mobile phone all on his own, he will have all the strategies to sell to himself which will lead to the business being safe, there will be no risk of the information being leaked and it will be difficult for competitors to copy.
[AN+]this will further lead to the business having more opportunities to improve the strategies or even come up with new ones which will lead to business growth.
Examiner Comments: Improve the APP in both points. Rest is perfect.
-
Shahmir Arshad
- Wealth Wizard
- Posts: 14
- Joined: Wed Nov 19, 2025 6:30 pm
Re: 01 Analyse the possible advantages of being a sole trader for a mobile phone retailer. [6]
KN:Full control over decisions
APP:A sole trader has complete control over the business and does not need to consult partners or shareholders.
AN:A mobile phone retailer can quickly change prices, introduce new phone models, or offer discounts when new phones are released. Fast decisions help the business respond quickly to customer demand and compete with larger retailers.
KN:Simple and low-cost to set up
APP:Sole traders face fewer legal requirements and lower set-up costs.
AN:Lower costs mean the mobile phone retailer can sell phones at competitive prices or spend more on promotion. This helps attract customers and improves the chances of business success.
APP:A sole trader has complete control over the business and does not need to consult partners or shareholders.
AN:A mobile phone retailer can quickly change prices, introduce new phone models, or offer discounts when new phones are released. Fast decisions help the business respond quickly to customer demand and compete with larger retailers.
KN:Simple and low-cost to set up
APP:Sole traders face fewer legal requirements and lower set-up costs.
AN:Lower costs mean the mobile phone retailer can sell phones at competitive prices or spend more on promotion. This helps attract customers and improves the chances of business success.