Business organisation and environment

Table of Contents

1. Topic pack - introduction
2. 1.1 Nature of business activity - notes
3. 1.1 Nature of business activity - questions
4. 1.2 Types of organisation - notes
5. 1.2 Types of organisation - questions
   1. Legal structure - short answer questions
   2. Where has Willy Wonka gone?
   3. Fans splash cash for hot new band
   4. Taking your chances online
   5. Starting a business US style
   6. Profit-based organisations
6. 1.3 Organisational objectives - notes
7. 1.3 Organisational objectives - questions
8. 1.4 Stakeholders - notes
9. 1.4 Stakeholders - questions
10. 1.5 External environment - notes
11. 1.5 External environment - questions
12. 1.5 External environment - simulations and activities
13. 1.6 Organisational planning tools - notes
14. 1.6 Growth and evolution - notes
15. 1.7 Growth and evolution - questions
16. 1.7 Growth and evolution - simulations and activities
17. 1.6 Change (HL only) - notes
18. 1.9 Globalisation - notes
19. 1.9 Globalisation - questions
20. Print View

Legal structure - short answer questions

Question 1

Distinguish between a sole trader business and a private limited business.

Question 2

Explain why is it usually cheaper to start a small business in the service sector than in the manufacturing sector?

Question 3

Describe a business plan and explain why it is so important to a newly established firm.

Question 4

Distinguish between a Limited Company and a plc.