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    There are different types and forms of business organization including sole proprietorships, partnerships, and incorporated private or public limited companies. Types of organization also include joint ventures, franchises, public sector enterprises, and social enterprises. Getting a business partner can help share the burden of decision making and contribute capital and expertise to managing business operations. The document provides an overview of business organization types and forms and the benefits of partnerships before listing additional business study units and linking to an external website for further notes.

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    Unit 1.4 Types of business organization

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    There are different types and forms of business organization including sole proprietorships, partnerships, and incorporated private or public limited companies. Types of organization also include joint ventures, franchises, public sector enterprises, and social enterprises. Getting a business partner can help share the burden of decision making and contribute capital and expertise to managing business operations. The document provides an overview of business organization types and forms and the benefits of partnerships before listing additional business study units and linking to an external website for further notes.

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    4 views1 page

    Unit 1.4 Types of Business Organization

    Uploaded by

    raishadk1021
    There are different types and forms of business organization including sole proprietorships, partnerships, and incorporated private or public limited companies. Types of organization also include joint ventures, franchises, public sector enterprises, and social enterprises. Getting a business partner can help share the burden of decision making and contribute capital and expertise to managing business operations. The document provides an overview of business organization types and forms and the benefits of partnerships before listing additional business study units and linking to an external website for further notes.

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    UNIT 1 – UNDERSTANDING BUSINESS ACTIVITY

    www.igbizstudies.com

    1.4 Types of Business Organization

    What are the different forms/types of business organization?


    1. Types of organisation
    a. Sole-Proprietor
    b. Partnership
    c. Incorporated
    i. Private Limited
    ii. Public Limited
    2. Forms of organisation
    a. Joint-venture
    b. Franchises
    c. Public Sector enterprises
    d. Social Enterprise

    Click HERE to find out advantages and disadvantages of the different types/forms of business
    organisation

    Why should you get a business partner?


    1. To share the burden of decision making
    2. Contribute to capital and managing business operations

    Download mind map HERE


    Practice past year exam questions by topic HERE
    Schedule a tutorial HERE
    Download more notes
    Unit 1 – Understanding Business Activity
    Unit 2 – People in Business
    Unit 3 – Marketing
    Unit 4 – Operations Management
    Unit 5 – Financial Information and Decisions
    Unit 6 – External Influences on Business Activity

    For more notes, visit www.igbizstudies.com

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