Are you ready for business?

For all levels of our courses in Business you need to be able to understand the different types of business ownership including:

  • Sole trader
  • Partnership
  • Private limited company
  • Public limited company
  • Co-operative
  • Public sector
  • Not for profit (Charity)

Your Task

Undertake some research that explains what each of these forms of ownership mean.

You should include information such as:

  • The liability of the owners
  • Number of owners 
  • How the business is set up
  • How profits are shared
  • Advantages and disadvantages
  • Business examples

Keep a reference (bibliography) of the sources of information you use.

Recommended Resources

  • The business area of BBC bitesize - whilst aimed at GCSE, this will also provide useful information 
  • Tutor2u - website which includes a Business area.  Full of blog posts, resources and definitions
  • Bee Business Beea website specifically for BTEC Business courses
  • BBC Business News - the business area of the BBC news site for unbiased up to date news on the economy, businesses and money
  • Economics Help - a website to help with the economic aspects of the business course
  • Business Case Studies - a website with detailed information about some businesses related to specific areas of business theory

YouTube has some great videos, I recommend you looking for the following first:

  • Tutor2u
  • Two Teachers
  • Taking the Biz
  • Bizconsesh
  • Time2resources


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