Explain one detail that could be agreed between partners in a partnership. - AQA - GCSE Business - Question 7 - 2022 - Paper 1

One detail that could be agreed upon between partners in a partnership is the allocation of profit. Partners can decide on how the profits are to be distributed, which may be equal shares or based on the level of investment each partner has made in the business. This agreement should be clearly stated in the partnership agreement to avoid any disputes in the future. Clear guidelines on profit sharing can strengthen the partnership and ensure that all parties feel valued for their contribution.