Business GCSE
Shared ownership and control
What Shared ownership and control means in Business GCSE, as defined for AQA.
Definition of Shared ownership and control
Check what you remember
Read the wording for your board, then hide it and explain Shared ownership and control in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
A business owned by two or more people who share ownership, capital, profits, and decision-making under a partnership agreement.
Topics that use Shared ownership and control
- Business ownership (AQA GCSE)
Related terms
- Conflict and agreements
- Dividend
- Incorporated structures
- Incorporation
- Liability and risk
- Limited liability
- Not-for-profit organisation
- Partnership
Using Shared ownership and control in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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