IntroductionBusinesses and organisations come in many different shapes and sizes. In this chapter you will understand key ideas about business ownership.
The ideas you are introduced here are fundamentally important, yet in my experience students often confuse some of the issues Key concept: limited liability Key concept: public limited company (plc) Key concept: private limited company (ltd) Key concept: public sector Key concept: private sector |
Key terms |
Tasks...
Take your TedEd lesson by clicking on the button below. You'll need to have you account ready and set up.
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Upload one 90 second video to Flipgrid that answers this question;
Outline two advantages of changing the legal ownership of a business from a sole trader to a private limited company (4 marks) |
Before you click the button can you brainstorm the different pros and cons for the various types of business ownership?
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Presentations
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