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IGBizStudies
- Jun 23, 2021
- 4 min
What are the different business organization types and its form
What are the types of business organisation and its form
720
IGBizStudies
- May 1, 2021
- 1 min
What is the purpose of business activity?
To combine and organise scarce productive resources to produce goods and services to fulfil the needs and wants of consumers
1010
IGBizStudies
- May 1, 2021
- 2 min
What is a business plan and its importance
A business plan is a document that contains information on how to start and run a business
470
IGBizStudies
- May 1, 2021
- 2 min
Why do businesses fail?
Poor entrepreneurial skills, lack of planning and research, failure to obtain financing, wrong location for the business
360
IGBizStudies
- Apr 30, 2021
- 1 min
What are the advantages and disadvantages of different business organization types and forms
What are the difference between an incorporated and unincorporated business entity and different forms of businesses
900
IGBizStudies
- Apr 30, 2021
- 1 min
How does government support businesses
Grants, tax incentives, low-cost loans, facilities or rental free premises and training support
230
IGBizStudies
- Apr 30, 2021
- 1 min
Why should governments support businesses?
Because it encourages economic growth, reduce unemployment, increase competition while ensuring price stability and balance of payment
310
IGBizStudies
- Apr 30, 2021
- 2 min
Why should a business grow?
Business growth is a key business objective
240
IGBizStudies
- Apr 29, 2021
- 2 min
How to measure the size of a business?
Size of capital employed, market share, revenue/output volume, number of employees
350
IGBizStudies
- Apr 28, 2021
- 2 min
What are business objectives?
The key business objectives are profit, market share, growth and survival
610
IGBizStudies
- Apr 28, 2021
- 2 min
How are businesses classified?
By primary, secondary or tertiary sectors
250
IGBizStudies
- Apr 28, 2021
- 1 min
What are industrial structures?
Industrial structures are determined by the different sizes of the industrial sectors in the national economy.
270
