Business GCSE
Sole Trader
What Sole Trader means in Business GCSE, as defined for OCR.
Definition of Sole Trader
A business owned and operated by one person.
Topics that use Sole Trader
- Business ownership (OCR GCSE)
Related terms
- Limited Liability
- Incorporation
- Initial Public Offering (IPO)
- Partnership
- Private Limited Company (Ltd)
- Public Limited Company (PLC)
- Unlimited Liability
Using Sole Trader in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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