Different Business Forms
Investigate the various legal structures a business can adopt, from sole traders to public limited companies. Students will assess the implications of limited liability and ownership control.
About This Topic
Investigate the various legal structures a business can adopt, from sole traders to public limited companies. Students will assess the implications of limited liability and ownership control.
Key Questions
- What is limited liability?
- How do sole traders differ from public limited companies?
- Why might a business change its legal form?
More in What is Business?
The Nature and Purpose of Business
Examine why businesses exist and the primary sectors of the economy. Students will evaluate how business objectives differ depending on their mission and sector.
2 methodologies
The External Environment
Analyse how external factors such as interest rates, demographic shifts, and competition affect business costs and demand. Students will explore strategies businesses use to respond to these external pressures.
2 methodologies