EXP is a small Chinese restaurant with take-away service located in London. It was established in 2006
Question:
EXP's popularity has grown w ith a loyal customer base. Keith and Tonina had to discontinue with the distribution of take-away menus in the local area as EXP was already operating near full capacity. Keith and Tonina thought it best to maintain the quality of their food and the punctuality of their home deliveries to maintain the image that they had established.
(a) Define the term ordinary partnership.
(b) Explain one advantage and one disadvantage of running EXP as a partnership.
{c) EXP is a small business. Explain the potential problems that this might create, compared with larger restaurants in the local area.
(d) Examine the benefits to EXP of remaining as a small business.
Vector Mechanics for Engineers Statics and Dynamics
ISBN: 978-0073212227
8th Edition
Authors: Ferdinand Beer, E. Russell Johnston, Jr., Elliot Eisenberg, William Clausen, David Mazurek, Phillip Cornwell