QUESTION 1 1.1. An entrepreneur needs to be aware of the different forms of business ownership prior to starting a business. One form of business ownership is sole proprietorship. Identify TWO (2) advantages and THREE (3) disadvantages of sole proprietorship. (10 marks) 1.2. Farah plans to create a start-up company that sells frozen food. However, she was approached by her neighbour who intends to sell an existing business to her. The business sells a variety of frozen food and is located near a housing area. Now, Farah has to decide whether she should go ahead with her plan or to buy the business from her neighbour. If Farah decides to buy the existing business from her neighbour, critically examine FIVE (5) important factors that she needs to consider before buying the business. (15 marks)